N.J. Gov. Murphy Signs Legislation Excluding Combat Pay From Gross Income Taxation
September 29, 2020
September 29, 2020
TRENTON, New Jersey, Sept. 29 -- Gov. Phil Murphy, D-New Jersey, issued the following news release on Sept. 28:
Governor Phil Murphy today signed legislation (S2050) to exclude combat pay from gross taxable income under the New Jersey income tax. New Jersey is the only state currently taxing combat pay, which is also untaxed by the federal government.
"Members of the military put everything on the line for our state and our country." said Governor Murphy. &quo . . .
Governor Phil Murphy today signed legislation (S2050) to exclude combat pay from gross taxable income under the New Jersey income tax. New Jersey is the only state currently taxing combat pay, which is also untaxed by the federal government.
"Members of the military put everything on the line for our state and our country." said Governor Murphy. &quo . . .