LEGISLATIVE FISCAL ESTIMATE
ASSEMBLY COMMITTEE SUBSTITUTE FOR
ASSEMBLY COMMITTEE SUBSTITUTE FOR
ASSEMBLY, No. 757
STATE OF NEW JERSEY
220th LEGISLATURE
DATED: JUNE 29, 2023
SUMMARY
Synopsis: Allows certain volunteer firefighters, rescue and first aid squad
members to claim $2,000 gross income tax exemption.
Type of Impact: Annual loss of State revenue to the Property Tax Relief Fund.
Agencies Affected: Division of Taxation, Department of Treasury.
Fiscal Impact FY 2025 and Each FY Thereafter
Annual State Revenue Loss Indeterminate
 The Office of Legislative Services (OLS) determines that this bill will reduce revenues
earmarked for the Property Tax Relief Fund by an indeterminate amount annually beginning
in FY 2025. The OLS does not have access to pertinent data regarding the size of the
population that would be affected, nor the income and tax profiles of the volunteer firefighters,
rescue, and first aid squad members that the bill will affect, to quantify the annual State revenue
loss. The OLS notes that there also is an indeterminate percentage of volunteer firefighters
and first aid or rescue squad members that will not satisfy the duty requirements under the bill
and so will not have any impact on State revenues, but this cannot credibly be projected.
BILL DESCRIPTION
This bill allows volunteer firefighters and first aid or rescue squad members to claim an
additional exemption of $2,000 which may be taken as a deduction from their gross income if they
meet certain requirements. A firefighter is required to have: volunteered during the entire tax year;
performed 60 percent of fire duty; and by January 1 of the tax year, attained the rank of Firefighter
I Certified. A first aid or rescue squad member is required to have: volunteered during the entire
tax year; performed 10 percent of rescue duty; and passed an approved training program or
qualified as an emergency medical technician.
Office of Legislative Services Legislative Budget and Finance Office
State House Annex Phone (609) 847-3105
P.O. Box 068 Fax (609) 777-2442
Trenton, New Jersey 08625 www.njleg.state.nj.us
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FISCAL ANALYSIS
EXECUTIVE BRANCH
None received.
OFFICE OF LEGISLATIVE SERVICES
The OLS determines that this bill will reduce revenues earmarked for the Property Tax Relief
Fund by an indeterminate amount annually beginning in FY 2025. The OLS does not have access
to pertinent data regarding the size of the population that would be affected, nor the income and
tax profiles of the volunteer firefighters, rescue, and first aid squad members that the bill will
affect, to quantify the annual State revenue loss. The OLS notes that there also is an indeterminate
percentage of volunteer firefighters and first aid or rescue squad members that will not satisfy the
duty requirements under the bill and so will not have any impact on State revenues, but this cannot
credibly be projected.
Section: Revenue. Finance, and Appropriations
Analyst: Patrick Walsh
Assistant Fiscal Analyst
Approved: Thomas Koenig
Legislative Budget and Finance Officer
This legislative fiscal estimate has been produced by the Office of Legislative Services due to the
failure of the Executive Branch to respond to our request for a fiscal note.
This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).