New Jersey Assembly Bill A1448

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22
• Refer: 6/9/22

Caption

Establishes gross income tax credit for cost of certain postage for sending goods to members of United States Armed Forces and National Guard who are serving their country away from home.

Impact

If enacted, A1448 would amend the New Jersey Gross Income Tax Act, allowing taxpayers to receive a credit equivalent to the amount spent on postage for sending priority mail to military personnel. This tax credit would effectively encourage the practice of sending packages, thereby boosting morale among service members by enabling them to receive cherished items from home. The bill aims to create a supportive framework for families contributing to their loved ones' well-being during deployment.

Summary

Assembly Bill A1448 seeks to establish a gross income tax credit for individuals who incur costs related to sending goods via the United States Postal Service to members of the Armed Forces and the National Guard. The intent of this legislation is to alleviate some of the financial burdens that families and friends face when attempting to send packages to their loved ones serving away from home. It recognizes the emotional support that packages from home can provide to service members, particularly during times of separation.

Contention

The primary discussion surrounding A1448 revolves around its potential efficacy and the value of a tax credit in enhancing the morale of military personnel. While proponents argue that the measure would foster a strong connection between soldiers and their support networks at home, skeptics may question whether a tax incentive is sufficient to impact the emotional well-being of those deployed. Additionally, concerns about the fiscal implications of creating new credits within the state's tax structure may also arise as the bill progresses through legislative discussions.