New Jersey Assembly Bill A1754

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Allows certain volunteer firefighters, rescue and first aid squad members to claim $2,000 gross income tax exemption.

Impact

If enacted, A1754 will amend the New Jersey gross income tax laws by supplementing Title 54A. The legislation evidences the state's recognition of the contributions made by volunteer emergency responders. By allowing a tax exemption, the state seeks to provide some financial relief to these volunteers, potentially encouraging continued participation in their communities’ emergency services and indirectly bolstering the recruitment and retention of volunteer personnel in these critical roles.

Summary

Assembly Bill A1754 proposes to grant an additional gross income tax exemption of $2,000 for eligible volunteer firefighters and members of first aid or rescue squads in New Jersey. This exemption aims to acknowledge the vital role played by these volunteers in community safety and emergency response operations. The bill sets specific eligibility criteria that individuals must meet to qualify for this exemption, ensuring that the benefits reach those who meet the required service levels and training standards.

Contention

While the bill appears to have broad support, there could be concerns regarding its implementation, particularly around the verification of eligibility. The bill mandates that officials in charge of fire departments and rescue squads annually submit lists of qualifying members to the relevant state agencies, ensuring compliance with the newly established criteria. There may be discussions about the administrative burden this places on volunteers and organizations, as well as about ensuring equitable access to the tax relief provided by the bill.