Archive for Tag: income tax deduction

Assembly approves $2,000 income tax deduction for volunteer firefighters and first responders

TRENTON, N.J. – The Assembly on Friday passed a bill, sponsored by Assemblywoman DiAnne Gove and Assemblyman Brian Rumpf, providing a $2,000 income tax deduction for volunteer firefighters and first aid or rescue squad members who meet certain qualifications including hours worked and training participation. The bill (A757) delivers...

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Sauickie introduces storm-related bill package ahead of Sandy anniversary

TRENTON, N.J. – Hurricane Ian’s recent path of destruction in Florida is reminiscent of Superstorm Sandy’s devastating impact on New Jersey, says Assemblyman Alex Sauickie, who is introducing a storm-related bill package in advance of the 10th anniversary of the state’s worst natural disaster. The three bills would help...

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Webber bill allowing businesses to deduct food donations clears committee

TRENTON, N.J. – Aiming to help New Jerseyans facing food insecurity, the Assembly Consumer Affairs Committee passed Assemblyman Jay Webber’s legislation creating a state income tax deduction for businesses that make charitable food donations. “Food banks are struggling to meet the increase in demand as more and more families...

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