Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.

This bill excludes reenlistment and voluntary extension bonuses for U.S. Armed Forces members from New Jersey's gross income tax. It amends the state tax code to specifically remove these bonuses from taxable income, applying to all active-duty and reserve service members, including New Jersey National Guard members on State active duty. The policy directly affects military personnel who receive such bonuses as part of their service compensation. This change provides tax relief by reducing the taxable income of these service members for New Jersey tax purposes.