New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A3532

Introduced
2/5/24  
Refer
2/5/24  

Caption

Provides gross income tax credit to active members of volunteer emergency service organizations for use of personal motor vehicle in performance of active duty.

Impact

The implementation of A3532 will directly modify the New Jersey Gross Income Tax Act to include provisions for this tax credit. Eligible taxpayers must be active members in good standing of their respective organizations and qualify through specified service requirements. This is expected to encourage volunteerism within emergency response organizations by alleviating some financial burdens associated with service-related travel. As a result, communities may benefit from enhanced emergency response capabilities and greater participation from residents in these roles.

Summary

Assembly Bill A3532 introduces a refundable gross income tax credit for active members of volunteer emergency service organizations, allowing them to receive reimbursement for the use of their personal vehicles when providing emergency services. The bill aims to support the efforts of volunteers in fire departments and first aid squads who contribute their time and resources without remuneration, except for minor allowances. By offering a tax credit up to $500 for individual taxpayers and up to $1,000 for couples filing jointly, the bill provides a financial incentive for continued volunteer service in critical community roles.

Contention

While the bill's proponents argue that it incentivizes community service and supports emergency services, there may be debates regarding funding for the tax credits and their impact on the state's budget. Opponents could raise concerns about the administrative burden on volunteer organizations to certify active members and their service hours, as well as the potential for misuse of the credit. Additionally, questions may arise about equity for non-volunteer emergency service workers who do not receive similar benefits for their service-related costs.

Companion Bills

NJ S2386

Same As Provides gross income tax credit to active members of volunteer emergency service organizations for use of personal motor vehicle in performance of active duty.

Previously Filed As

NJ S2386

Provides gross income tax credit to active members of volunteer emergency service organizations for use of personal motor vehicle in performance of active duty.

NJ S1604

Provides gross income tax credit to volunteer first responders who provided services during COVID-19 pandemic.

NJ A2939

Provides gross income tax credit to volunteer first responders who provided services during COVID-19 pandemic.

NJ A1754

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

NJ S2083

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

NJ SB144

Creating personal income tax credit for volunteer firefighters

NJ A757

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

NJ S1697

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

NJ A5157

Provides $1,000 income tax deduction for certain volunteer firefighters and members of first aid and rescue squads.

NJ S3479

Provides $1,000 income tax deduction for certain volunteer firefighters and members of first aid and rescue squads.

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