[Second Reprint]
SENATE, No. 943
STATE OF NEW JERSEY
INTRODUCED MARCH 14, 1996
By Senators SINGER, HAINES, Kosco, Sinagra, Bubba, Zane, Casey and Ciesla
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, 2[1996] 19982.
Excludes United States military pensions and survivor's benefits from the gross income tax.