New Jersey Assembly Bill A2537

New Jersey 2022-2023 Regular Session

• Introduced: 2/14/22
• Refer: 2/14/22

Caption

Provides spouses of military servicemembers with gross income tax credit, up to $500, for professional relicensing fees incurred upon relocating to State.

Impact

If implemented, A2537 would allow spouses of servicemembers who are relocating to New Jersey to claim a refundable tax credit for the fees associated with obtaining or reinstating necessary professional licenses. This could potentially ease the transition for military families, enabling spouses to more quickly and effectively integrate into the state's workforce. The intent behind the bill is to streamline the process of professional reintegration, which is often complicated by the frequent relocations associated with military life.

Summary

Assembly Bill A2537 aims to alleviate the financial burden faced by spouses of military servicemembers who relocate due to military orders. The bill proposes a gross income tax credit of up to $500 for qualified professional relicensing fees that these spouses incur when they move to New Jersey. An eligible spouse is defined as someone married to a member of the Armed Forces who has moved to the State because of a permanent change of station order. This credit is intended to support military families during transitional periods, particularly as spouses work to re-establish their professional licenses.

Contention

The conversations surrounding A2537 highlighted the importance of providing support for military families, particularly the significant challenges faced by spouses seeking to continue their professional careers after moving. Some discussions raised concerns about the potential cost implications for the state budget, as providing tax credits could reduce state revenue. However, proponents argue that supporting military families can lead to a more skilled workforce, ultimately benefiting the state's economy.