[First Reprint]

ASSEMBLY, No. 229

STATE OF NEW JERSEY

PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION

By Assemblymen GARCIA, COTTRELL, Dalton, Malone,

Blee, LeFevre, Gusciora, Assemblywoman Weinberg,

Assemblyman DeSopo, Assemblywoman Allen,

Assemblymen Holzapfel and Wolfe

An Act excluding ¹[certain income of retired members of the Armed Forces of the United States] military pension payments and military survivor's benefit payments¹ from gross income subject to the gross income tax 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. Gross income shall not include military pension payments ¹or military survivor's benefit payments¹ paid to individuals by the United States with respect to service in the Armed Forces of the United States.

    2. This act shall take effect immediately and apply to taxable years commencing on or after January 1, ¹[1996] 1998¹.

Excludes United States military pensions and survivor's benefits from the gross income tax.