Sponsored by:
Assemblyman JOHN F. MCKEON
District 27 (Essex and Morris)
SYNOPSIS
Provides $3,000 gross income tax deduction for certain taxpayers providing home care for an elderly relative.
CURRENT VERSION OF TEXT
As introduced.
An Act providing a gross income tax deduction for certain taxpayers providing home care for elderly relatives and supplementing Title 54A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Each taxpayer filing a return pursuant to subsection b. of N.J.S.54A:2-1 with a gross income of not more than $35,000 or filing a return pursuant to subsection a. of N.J.S.54A:2-1 with a gross income of not more than $50,000, who provides more than one-half of the support for a relative who was at least 70 years of age prior to the taxable year and who resided in the taxpayer's home for at least six months of the taxable year, shall be entitled to a deduction of $3,000 from the taxpayer's gross income.
2. This act shall take effect immediately and apply to taxable years beginning after the date of enactment.
STATEMENT
This bill provides a $3,000 deduction from gross income for New Jersey taxpayers who provide more than one-half of the support of a relative, at least 70 years of age, who lives in the taxpayer's home for at least six months of the taxable year. To qualify for this deduction the gross income of a taxpayer filing an individual return may not exceed $35,000 and the gross income of a taxpayer filing a joint return may not exceed $50,000.