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Verrelli on Bill to Exempt Certain Veterans from Taxation on Federally Forgiven Student Loans

Working to relieve the financial burden of college debt for New Jersey veterans, legislation that would exempt certain disabled veterans from taxation of any student loans forgiven via the federal Total and Permanent Disability discharge program was introduced in the Assembly Military and Veterans Affairs Committee on Thursday. The sponsor of the bill (A-5818), Assemblyman Anthony Verrelli (D-Mercer, Hunterdon), released the following statement in response:

“Soldiers who can no longer work due to an injury they sustained while fighting for our country both need and deserve our support. This bill is an important way we can help the disabled veterans in our state. We will continue to do what we can to guarantee assistance for the current and former military members throughout New Jersey.”