Budget & Taxes (Income Tax)

in committee · New Jersey · General Assembly Feb 12, 2026

A 4068: Provides CBT and GIT credits for completion of qualified construction projects at abandoned commercial building sites.

This bill provides New Jersey taxpayers with Corporation Business Tax (CBT) and Gross Income Tax (GIT) credits for completing qualifying construction projects on abandoned commercial buildings. Taxpayers can receive up to 25% of qualified construction costs (capped at $1 million per project) for activities like demolishing abandoned structures, building new commercial spaces, or cleaning up contaminated sites. To qualify, projects must occur on buildings over 100,000 square feet that have been abandoned, and the total credits across all projects cannot exceed $5 million. The credits apply to taxable years beginning after the bill’s effective date, with applications requiring certification from the Division of Taxation.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits (reducing state tax revenue) for qualifying construction projects, directly impacting taxation policy per bill's core mechanism.95% confidence

Sub-Topics Business Taxes Income Tax Tax Incentives

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in committee · New Jersey · General Assembly Jan 13, 2026

A 868: Provides gross income tax credit for certain homeschooling expenses incurred by parent or guardian with increased credit for taxpayers homeschooling child or dependent with special needs.

This New Jersey bill would create a tax credit for parents or guardians homeschooling children or dependents, allowing them to deduct up to $2,500 per child in qualified education expenses from their state income tax, with a maximum annual credit of $7,500. Taxpayers homeschooling a child with special needs would receive an additional $1,000 per child, raising the maximum annual credit to $10,500. Qualified expenses include textbooks, educational software, school supplies, internet fees, and materials like computers or desks used for homeschooling. The credit applies to taxpayers with gross income under $260,000 and requires filing an application if no tax is owed.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing state tax liability for homeschooling families, aligning with tax relief indicators for middle-income households.95% confidence ✓ EducationSupports EducationCreates tax credit for homeschooling expenses, expanding educational access and providing financial support for qualified education costs including special needs accommodations.95% confidence ✓ TechnologySupports TechnologyBill explicitly includes internet fees as a qualified homeschooling expense, enabling tax-deductible internet access for education, supporting technology access.80% confidence

Sub-Topics Income Tax Tax Credits School Choice

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1474: Establishes pilot program in Division of Taxation to provide income tax credits for the opening of certain homesteads to hunting activities in areas with high number of wildlife incidents.

This bill establishes a 5-year pilot program offering New Jersey tax credits to homeowners who open their primary residences (with at least 10 acres of land suitable for hunting) to lawful hunting activities. Taxpayers receive $1,500 for the first 10 acres plus $200 per additional acre opened, provided the property is in an area with high wildlife incidents like road fatalities or property damage. Eligible homes must not have existing public access restrictions, and participants must allow hunting at least two days weekly during hunting seasons. The program prioritizes properties in high-incident zones and requires annual reporting of hunting activity and outcomes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits to homeowners, reducing tax burden for eligible properties in wildlife incident areas.90% confidence ✓ TransportationSupports TransportationBill addresses wildlife incidents causing road fatalities by incentivizing hunting access, directly enhancing transportation safety through reduced animal-vehicle collisions.85% confidence

Sub-Topics Income Tax Roads & Highways

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in committee · New Jersey · General Assembly Jan 13, 2026

A 223: Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.

This New Jersey bill excludes military reenlistment and voluntary extension bonuses from state gross income tax. It directly affects active-duty service members in the U.S. Armed Forces who receive these bonuses while residing in New Jersey. The key provision amends state tax law to specifically exempt these bonuses from taxable income, meaning eligible service members won't pay state income tax on them. The change applies to taxable years beginning after the bill's enactment date.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes military bonuses from state tax, providing direct tax relief to service members per tax relief indicators.95% confidence ✓ VeteransSupports VeteransExcludes military reenlistment bonuses from NJ state tax, providing direct financial benefit to service members and veterans by increasing disposable income.95% confidence

Sub-Topics Income Tax

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in committee · New Jersey · General Assembly Jan 13, 2026

A 2337: Allows gross income tax deduction for employees for amounts paid by employers for certain educational assistance programs for employees and for employee's student loans.

New Jersey's bill A2337 would allow employees to deduct up to $5,250 annually from their state gross income tax for employer-paid educational assistance (like tuition, fees, or books) and student loan payments (principal or interest). The deduction mirrors federal tax rules, requiring educational programs to cover legitimate coursework (not hobbies) and student loans for qualified higher education expenses. Employers must have a written plan for educational assistance, and employees can use both deductions in the same year up to the $5,250 limit per category. This policy directly affects NJ employees receiving these benefits, making such employer support tax-free under state law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deduction for educational assistance/student loans, reducing taxable income and providing tax relief to employees, aligning with support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax deduction for educational assistance/student loans, expanding employee benefits and career development opportunities per bill's tax benefit structure.85% confidence

Sub-Topics Income Tax

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in committee · New Jersey · General Assembly Jan 13, 2026

A 875: Excludes basic pay received for active duty military service from gross income taxation.

This bill excludes basic pay received by New Jersey residents serving in active duty or active duty for training with the U.S. Armed Forces or National Guard from the state's gross income tax. It directly affects military members who receive this pay, expanding an existing exclusion that already covers military allowances like food/housing and combat zone pay. The key change removes basic pay - the primary component of military compensation - from taxable income calculations, aligning New Jersey's treatment with federal exclusions for such pay. The bill applies to taxable income years beginning January 1 after enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes military basic pay from state income tax, providing direct tax relief to service members, aligning with support indicators for tax relief.95% confidence ✓ VeteransSupports VeteransExcludes military basic pay from NJ income tax, expanding financial benefits by increasing disposable income for active-duty members and veterans.95% confidence

Sub-Topics Income Tax National Guard & Reserve

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in committee · New Jersey · General Assembly Jan 13, 2026

A 3808: Allows gross income tax deduction for charitable contributions made to animal shelters.

Bill A 3808 allows New Jersey taxpayers to deduct up to $1,500 annually from their gross income tax for charitable donations made to qualified New Jersey animal shelters. The bill defines "animal shelter" as licensed facilities caring for abandoned, lost, or endangered domestic pets needing temporary housing until adoption or euthanasia, including municipal animal control facilities. This tax deduction directly affects New Jersey residents who donate to eligible shelters, providing a financial incentive for such contributions. The policy change becomes effective for taxable years starting after the next January following enactment.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax deduction for animal shelter donations, reducing taxable income - direct tax relief under Budget & Taxes policy.90% confidence

Sub-Topics Income Tax

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in committee · New Jersey · General Assembly Jan 13, 2026

A 663: Provides gross income tax credit for certain tolls paid via E-ZPass.

Bill A-663 provides a New Jersey gross income tax credit of up to $1,000 per year for taxpayers who pay more than $1,000 in E-ZPass tolls on state toll roads during a taxable year. It directly affects commuters who use electronic toll collection (E-ZPass) and incur significant toll expenses, excluding fines, administrative fees, or tolls reimbursed by employers. The credit is calculated by subtracting the $1,000 threshold from total eligible tolls paid, with any unused credit refunded as an overpayment. The bill applies to taxable years beginning January 1, 2020, and explicitly excludes tolls already deductible for federal tax purposes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit (up to $1,000) for E-ZPass toll expenses, directly reducing taxable income for commuters, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · New Jersey · General Assembly Jan 13, 2026

A 1432: Establishes disabled veteran tenant gross income tax credit.

This bill establishes a nonrefundable tax credit for disabled veterans in New Jersey who rent residential property. It allows qualifying disabled veterans to claim a credit of up to $1,000 annually for the portion of their rent that covers property taxes (calculated as 18% of rent paid). Married veterans filing separately each receive half the credit, and veterans sharing housing with non-spouses can only claim credit for their own rent payments. The credit applies in addition to existing rent tax credits for seniors or other disabled renters.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax credit for disabled veterans to reduce rent-related tax burden, providing targeted tax relief for a vulnerable group.95% confidence ✓ HousingSupports HousingProvides tax credit reducing rent burden for disabled veterans, directly advancing affordable housing access for vulnerable tenants.90% confidence ✓ VeteransSupports VeteransEstablishes tax credit expanding financial benefits for disabled veterans' housing costs, directly advancing veteran support through tax relief.95% confidence

Sub-Topics Income Tax Tax Credits Renters Veteran Education Veteran Healthcare Veteran Housing

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in committee · New Jersey · General Assembly Jan 13, 2026

A 748: Allows corporation business tax and gross income tax credits to businesses employing qualified ex-offenders.

This bill provides New Jersey businesses with tax credits for hiring qualified ex-offenders. Specifically, it allows a 15% credit against corporation business tax and gross income tax for wages paid to eligible individuals, capped at $900 per employee per year. A "qualified ex-offender" is defined as someone convicted of a first-, second-, third-, or fourth-degree crime in New Jersey who was hired within one year of conviction or release from incarceration. The credit cannot exceed 50% of the tax liability and may be carried forward if unused in the current year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credits reducing business tax burden, aligning with tax relief and fiscal policy goals for workforce development.95% confidence ✓ Criminal JusticeSupports Criminal JusticeTax credits incentivize hiring ex-offenders, reducing recidivism and supporting reentry programs - core criminal justice reform goals.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credits to incentivize hiring ex-offenders, directly expanding employment opportunities for a marginalized workforce and aligning with labor support indicators.95% confidence

Sub-Topics Business Taxes Income Tax Corrections

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