This bill allows New Jersey taxpayers aged 62 or older, or who are blind or disabled, to claim a gross income tax deduction for qualified long-term care expenses (up to $50,000 per year) for themselves, their spouse, or disabled dependents. These expenses cover in-home care, assisted living, and long-term care facility services that are medically necessary and prescribed by a licensed health care provider. It also provides a separate deduction (up to $50,000) for unreimbursed funeral expenses of a spouse or disabled dependent who was 62 or older, blind, or disabled at death. The deduction excludes expenses already covered under existing medical expense tax rules and requires the costs to be unreimbursed.
This bill expands New Jersey's gross income tax credit for family caregivers of veterans with service-connected disabilities. It allows caregivers to qualify if the veteran has any service-connected disability (not limited to post-9/11 conflicts), provided the veteran meets other existing requirements like honorable discharge, VA disability rating, and six months of residency with the caregiver in New Jersey. The credit equals 100% of the veteran's federal disability compensation, up to $675 per year, and is refundable if it reduces tax liability to zero. It directly affects New Jersey family caregivers (with income limits of $50,000 single/$100,000 joint filers) who support veterans with disabilities from any military service.
This bill provides tax credits for businesses purchasing electric vehicle (EV) charging stations and converting commercial fleets to zero-emission vehicles. It allows a 50% credit (capped at $1,000 per charging station) for station purchases/installation and up to $100,000 for qualifying zero-emission vehicles based on weight (e.g., $25,000 for under 14,000 lbs). Businesses must apply for certification from the Environmental Protection Commissioner, including proof of purchase and installation, within 90 days. The credits apply to both corporation business tax and gross income tax, with unused credits carryable for up to seven years. The policy directly affects commercial entities investing in EV infrastructure and fleet transitions.
This New Jersey bill provides a 20% refundable tax credit for eligible residents who pay for in-home care services through a health care service firm. It directly affects taxpayers with gross income under $150,000 who are permanently disabled or age 65+, covering expenses for companion services (non-medical supervision/socialization), health care services (non-licensed), or personal care services (assisting with daily activities like bathing or dressing). The credit excludes insurance-reimbursed costs and applies against income tax after other credits. It takes effect for taxable years starting after enactment.
This bill allows eligible New Jersey educators (K-12 teachers, counselors, principals) and paraprofessionals (school aides) to deduct up to $250 of unreimbursed classroom supply expenses from their gross income tax. It covers costs like books, computers, software, and classroom materials, but excludes nonathletic supplies for health or physical education classes. To qualify, individuals must work at least 900 hours annually in a New Jersey public or private elementary/secondary school. The deduction applies to taxable years starting after the bill's enactment date.
This bill (A 3539) changes how New Jersey can end tax agreements with other states that exempt income tax for residents working across state lines. It requires that any termination of these reciprocal tax agreements must be done through a new law passed by the legislature and signed by the governor - preventing the Director of Taxation from ending agreements unilaterally. The change applies to all existing agreements, including the 1977 agreement with Pennsylvania, and takes effect immediately. This directly affects the Director of Taxation (who administers these agreements) and the legislative process for ending them.
This New Jersey bill creates a refundable tax credit for renters whose rent exceeds 35% of their gross income. It directly affects low-to-moderate income residents (earning $60,000 or less annually) who live in their primary home and pay rent above that threshold. The credit amount varies: 100% of excess rent (up to $1,000) for those earning under $50,000 in high-cost areas or under $25,000 elsewhere; 75% for those earning $25,000-$60,000; and 50% for higher earners outside high-cost areas. The credit applies retroactively to the previous tax year, requiring eligible taxpayers to file amended returns within 90 days of the bill's enactment to claim it.
This bill provides a temporary tax credit for New Jersey residents who are either first-time homebuyers (purchasing a home in 2019, 2020, or 2021) or seniors aged 65+ during the tax year. Eligible taxpayers receive a credit equal to 25% of their property taxes paid on their primary home, capped at $2,500 per year. The credit reduces income tax liability, and any unused portion is refunded directly to the taxpayer. The credit applies only for tax years 2019 through 2021, offering short-term relief for qualifying homeowners.
This bill allows eligible New Jersey educators (teachers in public or nonpublic K-12 schools) to deduct up to $1,200 from their taxable income for unreimbursed classroom supply expenses. It defines "classroom supplies" as items like books, pencils, computers, lab equipment, and other daily teaching materials. The deduction applies only to expenses not covered by the school and takes effect after enactment for future tax years. The bill does not change tax rates but provides a direct tax benefit for educators covering out-of-pocket costs.
This bill provides tax credits to New Jersey businesses that hire and retain neurodiverse employees in STEM/AI roles. Businesses receive credits of up to $9,000 per full-time employee (or $4,500 for part-time) annually, increasing with each consecutive year of employment. To qualify, employees must earn at least minimum wage, work in eligible STEM/AI positions (not as contractors), and be certified by the Division of Vocational Rehabilitation as neurodiverse. The credits reduce corporate and gross income tax liability, capped at 50% of tax owed, and require employers to submit certification applications for eligible workers.
