TRENTON, NJ — The New Jersey Assembly Labor Committee has favorably reported on Assembly Bill No. 2883, a legislative proposal aimed at supporting union members financially. Announced on June 6, 2024, this bill is part of the legislative session for 2024-2025.
Assembly Bill No. 2883 introduces a new gross income tax deduction for union dues paid by workers to labor organizations. This deduction aims to lessen the financial burden on union members by allowing them to deduct the total amount of dues, fees, assessments, or other related charges from their taxable income.
A labor organization, as defined by the bill, includes any group involved in dealing with employers regarding grievances, labor disputes, wages, work hours, or employment conditions.
To benefit from this deduction, taxpayers must provide proof of the union dues paid during the taxable year, as specified by the Director of the Division of Taxation.
This provision ensures proper verification and implementation of the tax benefit. The bill seeks to reinforce the financial viability of union participation, acknowledging the critical role these organizations play in advocating for workers’ rights.
