This bill amends the Wounded Warrior Caregivers Relief Act to expand the eligibility for the tax credit benefit to caregivers of certain veterans. The current law provides a gross income tax credit to family caregivers of armed service members with service-connected disabilities who served on or after September 11, 2001. The bill revises the definition of "qualified armed service member" to specifically include veterans, as defined in New Jersey law, who have a disability arising from their military service and have lived with the caregiver for at least six months during the taxable year.

Additionally, the bill clarifies the criteria for "qualified family caregiver" and "relative," ensuring that the tax credit is accessible to caregivers who meet specific income thresholds and familial relationships. The changes aim to provide financial relief to a broader range of caregivers supporting veterans, thereby enhancing the support system for those who have served in the military. The act will take effect immediately and apply to taxable years beginning on or after January 1 following its enactment.

Statutes affected:
Introduced: 54A:4-15