Allows gross income tax credit for volunteer firefighters.

This New Jersey bill provides a $500 annual tax credit against gross income tax for volunteer firefighters who have been actively serving for three consecutive years. It directly affects volunteer firefighters employed by incorporated volunteer fire companies or part-paid fire departments in the state. To qualify, a taxpayer must have been an active member for the entire current tax year and the two prior years. The credit reduces the taxpayer's state income tax bill by up to $500 but cannot lower the tax below zero.