New Jersey Assembly Bill A2205

New Jersey 2022-2023 Regular Session

• Introduced: 2/7/22
• Refer: 2/7/22

Caption

Allows gross income tax credit for volunteer firefighters.

Impact

If enacted, A2205 would further incentivize community involvement and support for local fire departments. By financially supporting volunteer firefighters through tax credits, the legislation aims to alleviate some of the burdens faced by these individuals, who often dedicate significant time and effort to their roles. This could lead to enhanced recruitment and retention of volunteer firefighters, contributing positively to fire safety and emergency response in New Jersey.

Summary

Assembly Bill A2205 introduces a measure designed to support volunteer firefighters in New Jersey by providing them with a gross income tax credit of $500. This initiative acknowledges the critical contributions made by volunteer firefighters to their communities, ensuring that their service is recognized and rewarded. The proposed legislation allows active members of volunteer fire companies or part-paid fire departments, who have been serving for at least three years, to benefit from this tax relief.

Contention

Discussions around A2205 may highlight varying perspectives on how the tax credit can impact state finances and the effective redistribution of tax resources. Some policymakers may raise concerns about the fiscal implications of introducing such tax credits, debating whether the benefits provided to a specific group justify potential cuts to funding in other areas. Conversely, advocates of the bill argue that rewarding volunteer firefighters can have broader community benefits that outweigh the immediate financial costs.