New Jersey Senate Bill S1837

New Jersey 2022-2023 Regular Session

• Introduced: 2/28/22
• Refer: 2/28/22

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, S1837 will amend the New Jersey Gross Income Tax Act to include provisions for a tax credit equivalent to the postage costs incurred by taxpayers who send priority mail delivery to military installations. This credit will be applicable as a reduction against the state income tax due, benefiting both the taxpayers and the recipients who rely on receiving parcels of care from home. The bill can be seen as a gesture of gratitude to service members and might ideally assist families in maintaining their connections despite distance.

Summary

Senate Bill S1837 aims to establish a gross income tax credit in New Jersey for taxpayers who incur costs on postage when sending goods to members of the United States Armed Forces and the National Guard. The bill is intended to alleviate the financial burden associated with sending parcels to military personnel who are serving away from home. By allowing a tax credit for certain postage expenses, it encourages family and friends to send items that provide a sense of connection and support to those deployed. This initiative acknowledges the emotional challenges faced by service members due to homesickness and aims to enhance their morale.

Contention

While S1837 is primarily a goodwill initiative, it may raise discussions concerning state budget allocations for tax credits, as well as ongoing support for military personnel and their families. Some lawmakers may question the long-term sustainability of offering additional tax credits in a financial environment that may face constraints. Others could argue whether the funds could be better invested in other areas of support for veterans and active service members, rather than parcel postage, which raises an opportunity for debate among stakeholders about the most impactful approaches to assist those serving in the military.