New Jersey veterans will now keep a little more of their earnings at state income tax time.
Gov. Phil Murphy on Sunday signed A-5609/S-3960, which increases the gross income tax deduction for veterans from $3,000 to $6,000.
Veterans must be honorably discharged or released to qualify.
Sponsored by Democrat legislators from Atlantic, Cape May and Cumberland counties, it passed unanimously in both the Assembly and Senate.
An estimated 387,000 veterans in New Jersey will keep an additional $23 million a year, according to Assembly Democrats.
Primary sponsors included Assemblymen Vince Mazzeo and John Armato, both D-Atlantic; and Assemblymen Matthew Milam and Bruce Land, both D-Cape May, Atlantic, Cumberland.
State Sen. Bob Andrzejczak, D-Cape May, Atlantic, Cumberland, was a co-sponsor.