New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A3938

Introduced
5/12/22  

Caption

Allows gross income tax deduction for surviving spouses of certain veterans.

Impact

The implementation of A3938 would amend existing New Jersey tax law to include this new provision for surviving spouses, thereby enhancing their economic security. Currently, veterans can receive a tax exemption of $6,000; this bill extends similar recognition to their surviving spouses. This form of tax relief serves as an important means of financial support for those who have lost their partners to military service, enhancing both their dignity and financial stability.

Summary

Assembly Bill A3938, introduced on May 12, 2022, aims to provide a gross income tax deduction for the surviving spouses of certain veterans. Specifically, the bill allows for an annual exemption of $3,000 under New Jersey's gross income tax for taxpayers who are the surviving spouses of qualifying veterans. These veterans must have died while on active duty, been honorably discharged, or released under honorable circumstances, thereby acknowledging their service to the country. This bill is intended to ease the financial burdens faced by those who have lost a spouse in the military.

Contention

While the intent of A3938 is to provide support to grieving families, contention may arise around its fiscal impact and the criteria for eligibility. There could be debates regarding the extent of financial aid the state can offer in terms of tax exemptions, especially in a challenging economic climate. Additionally, concerns might surface about ensuring that the criteria for a 'qualifying veteran' are adequately defined and that surviving spouses remain eligible until remarriage, which could affect the long-term support intended by the bill.

Companion Bills

NJ S3504

Same As Allows gross income tax deduction for surviving spouses of certain veterans.

Previously Filed As

NJ S643

Allows gross income tax deduction for surviving spouses of certain veterans.

NJ S3504

Allows gross income tax deduction for surviving spouses of certain veterans.

NJ A2461

Allows gross income tax deduction for surviving spouses of certain veterans.

NJ A1143

Provides gross income tax deduction to surviving spouses of certain veterans.

NJ A1328

Provides gross income tax deduction to surviving spouses of certain veterans.

NJ S1698

Extends veteran's gross income tax exemption to spouses of deceased veterans.

NJ A762

Extends veteran's gross income tax exemption to spouses of deceased veterans.

NJ A1757

Extends veteran's gross income tax exemption to spouses of deceased veterans.

NJ S1927

Extends veteran's gross income tax exemption to spouses of deceased veterans.

NJ S1995

Eliminates veterans' gross income tax deduction requirement that New Jersey National Guard member serve in federal active duty status.

Similar Bills

NJ A2139

Grants gross income tax deduction to mental health care professionals providing services in the State.

NJ A2068

Grants gross income tax deduction to mental health care professionals providing services in the State.

NJ A2164

Provides gross income tax deduction for volunteers of New Jersey Medical Reserve Corps that serve at least 150 hours during public health emergency.

NJ S1620

Provides gross income tax deduction for volunteers of New Jersey Medical Reserve Corps that serve at least 150 hours during public health emergency.

NJ S1698

Extends veteran's gross income tax exemption to spouses of deceased veterans.

NJ A3696

Provides gross income tax deduction for volunteers of New Jersey Medical Reserve Corps that serve at least 150 hours during public health emergency.

NJ A5138

Indexes amount of veterans' income tax exemption for inflation.

NJ S3465

Indexes amount of veterans' income tax exemption for inflation.