S2425 — Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income.

S2425 — Excludes bonuses for reenlistment or voluntary extension of enlistment in armed forces from gross income. · Informed CitizenryThis legislation amends the state tax code to exclude certain military payments from a New Jersey resident's taxable gross income. Specifically, it removes the requirement that bonuses received whe…Open in Informed Citizenry