New Jersey Senate Bill S1697

New Jersey 2022-2023 Regular Session

• Introduced: 2/28/22
• Refer: 2/28/22
• Report Pass: 12/18/23
• Refer: 12/18/23

Caption

Allows certain volunteer firefighters, rescue and first aid squad members to claim $2,000 gross income tax exemption.

Impact

If enacted, S1697 would amend New Jersey's tax code to include this exemption, thereby reducing the gross income tax liability for qualifying volunteers. This could result in increased discretionary income for these individuals, potentially enhancing their capacity to continue serving their communities. Additionally, the bill may encourage more individuals to participate in volunteer firefighting and emergency response by providing them with tangible financial incentives for their service.

Summary

S1697, known as the Volunteer Firefighters and Emergency Responders Tax Exemption Act, aims to provide financial relief to members of volunteer fire companies and emergency responders by allowing them to claim a $2,000 gross income tax exemption. The bill specifies eligibility criteria such as the completion of training programs and a minimum level of service, thus formalizing the commitment expected from these volunteers. The act is designed to recognize and reward the dedication of individuals who devote their time to ensuring public safety and emergency response.

Sentiment

The sentiment surrounding this bill has generally been positive across the board, with strong support from various lawmakers and community organizations. Advocates argue that the bill acknowledges the vital role of volunteer emergency responders and provides them with much-needed recognition and financial support. However, some concerns have been raised about the logistics of tracking volunteer hours and ensuring compliance with the eligibility criteria, though these are seen as minor issues in comparison to the overarching benefits of the bill.

Contention

Notable points of contention include the potential challenges of accurately verifying volunteer service hours and training compliance. Officials in charge of fire departments and rescue squads must annually submit lists of eligible volunteers, which could require substantial administrative efforts and resources. Moreover, while the bill has broad support, debates continue around the fairness of tax exemptions, particularly regarding how it intersects with broader tax policy and budgetary implications at the state level.