TRENTON, N.J. – Assemblywoman Serena DiMaso introduced a bill last month that would provide an income tax credit to volunteer first responders and individuals who volunteer with 501(c)(3) organizations.
The bill (A5716) allows for residents who volunteer with a nonprofit or volunteer emergency services to receive an income tax credit of up to $2,000 total. Volunteers would have to obtain documentation that details the hours donated from each organization.
“We all know just how expensive Trenton has made our state. While these individuals aren’t volunteering with an expectation of reward, a small break on out-of-control taxes is simply the least we can do,” DiMaso said.