This bill amends the Wounded Warrior Caregivers Relief Act to expand the eligibility for tax credits to caregivers of certain veterans. Specifically, it revises the definition of "qualified armed service member" to include any veteran, as defined in New Jersey law, who has a disability resulting from military service and has lived with the caregiver for at least six months during the taxable year. The bill maintains the existing provisions that allow qualified family caregivers to receive a tax credit equal to 100% of the federal veteran disability compensation for which they provide care, or a maximum of $675, whichever is less.

Additionally, the bill clarifies the definition of "qualified family caregiver" and "relative," ensuring that caregivers who meet specific income thresholds and are related to the veteran can benefit from the tax credit. The act will take effect immediately and apply to taxable years beginning on or after January 1 following its enactment. Overall, this legislation aims to provide financial relief to a broader range of caregivers supporting veterans with disabilities.

Statutes affected:
Introduced: 54A:4-15