Title 54A, Title 54A: NEW JERSEY GROSS INCOME TAX ACT

54A:9-30 Eligibility for tax rebates. 3. a. Beginning with taxable year 2020, and subject to appropriation by the Legislature, a qualified taxpayer shall be eligible for a tax rebate based on the requirements set forth in this section. b. The rebate shall be the lesser of $500 or…

54A:9-4. Limitations on assessment. 54A:9-4. (a) General. Except as otherwise provided in this section, any tax under this act shall be assessed within 3 years after the return was filed (whether or not such return was filed on or after the date prescribed). (b) Time return deeme…

54A:9-5. Interest on underpayment. 54A:9-5. Interest on underpayment. (a) General. If any amount of income tax is not paid on or before the last date prescribed in this act for payment, interest on such amount at the rate as is required under the State Tax Uniform Procedure Law, …

54A:9-6 Additions to tax and civil penalties. 54A:9-6. Additions to tax and civil penalties. (a) Failure to file tax return. In case of failure to file a tax return under this act on or before the prescribed date (determined with regard to any extension of time for filing), unles…

54A:9-7. Overpayment. 54A:9-7. Overpayment. (a) General. The director, within the applicable period of limitations may credit an overpayment of income tax against any liability in respect of any tax imposed by the tax law on the person who made the overpayment, and the balance sh…

54A:9-8. Limitations on credit or refund 54A:9-8. (a) General. Claim for credit or refund of an overpayment of income tax shall be filed by the taxpayer within 3 years from the time the return was filed or 2 years from the time the tax was paid, whichever of such periods expires …

54A:9-8.1 Setoff of indebtedness to State agencies; precedence of child support indebtedness. 1. a. Whenever any taxpayer or resident shall be entitled to any refund of taxes pursuant to the "New Jersey Gross Income Tax Act" (N.J.S.54A:1-1 et seq.), including an earned income tax…

54A:9-8.2 Regulations for procedures and methods. 2. The Department of the Treasury shall promulgate regulations concerning the procedures and methods to be employed by all agencies and institutions in the executive branch in the collection or the setting off of delinquent accoun…

54A:9-8.3. Appropriation of sums collected Any sums collected by the Department of the Treasury on behalf of State agencies or institutions during the fiscal year in which this act takes effect are appropriated for the expense of the collection effort. L.1981, c. 239, s. 3, eff. …

54A:9-8.4 Definitions relative to multistate personal income tax refund setoff program; authorization, procedure. 1. a. As used in this section: "Taxpayer" means any person identified by a claimant state, under this section, as owing taxes to that claimant state, including the sp…

54A:9-9. Petition to director. (a) General. The form of a petition to the director, and further proceedings before the director in any case initiated by the filing of a petition, shall be governed by such rules as the director shall prescribe. No petition shall be deemed in whole…

54A:10-1. Short title This act shall be known and may be cited as the "State Revenue Sharing Act of 1976" . L.1976, c. 73, s. 1.

54A:10-10. Inapplicability of act to program of aid or assistance in effect. Nothing herein contained shall affect any program of aid or assistance now in effect. L.1976, c. 73, s. 10.

54A:10-11. Veterans deductions; certification of number and amounts by county board of taxation. On or before June 15, 1978 and on or before June 15 of each year thereafter, each county board of taxation shall, on a form prescribed by the Director of the Division of Taxation, cer…

54A:10-12. Additional amount of revenue sharing funds due each municipality for current tax year; certification; payment. On or before September 15, 1978, the director shall certify to the State Treasurer the additional amount of revenue sharing funds due each municipality for th…

54A:10-2. Legislative declaration. It is hereby declared that because municipalities are limited in their means for raising revenues, that it is the obligation of the State to provide assistance which will benefit all local taxpayers, as a supplement to all other forms of aid. L.…

54A:10-3. Definitions. For the purposes of this act, unless the context clearly requires a different meaning: a. "Director" means the Director of the Division of Taxation in the Department of the Treasury. b. "Fund" means the Revenue Sharing Fund created herein. c. "Senior citize…

54A:10-4. Revenue sharing fund; creation; distributions to municipalities. There is hereby created within the General Treasury a Revenue Sharing Fund of $50 million of the net revenues from the New Jersey Gross Income Tax Act. Distribution of the revenue from the fund shall be ma…

54A:10-5. Distribution of additional amount. In addition to the amount determined in section 4 above, there shall be added to the amount to be distributed to each municipality the following: a. An amount equivalent to the senior citizen deductions in each municipality, and; b. An…

54A:10-6. Annual computation of funds due each municipality; credit after prepayment of tax. Prior to November 1, 1976 and prior to November 1 in each year thereafter the director shall compute the amount of revenue sharing funds due each municipality for the succeeding year, and…

54A:10-7. Anticipation of revenues in municipal budget; reduction of property tax levy. Upon notification by the director of the amount of revenue sharing funds due, the governing body of each municipality shall anticipate such revenues in its budget for the succeeding year and s…

54A:10-8. Annual certification of funds due each municipality; payments. On or before December 1 annually, the director shall certify to the State Treasurer the amount of revenue sharing funds due each municipality under the provisions of this act. The State Treasurer upon the ce…

54A:10-9. Rules and regulations. The director is hereby authorized to make such rules and regulations as may be necessary to carry out the provisions of this act. The Director of the Division of Local Government Services is hereby authorized to make such rules and regulations as …

54A:11-1 Short title. 1. This act shall be known and may be cited as the "New Jersey Health Insurance Market Preservation Act." L.2018, c.31, s.1.

54A:11-10 Rules, regulations. 10. The State Treasurer, in consultation with the Commissioner of Banking and Insurance shall adopt rules and regulations, pursuant to the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), in order to effectuate the purposes of th…

54A:11-2 Definitions relative to required health insurance coverage. 2. As used in this act: "Affordable Care Act" means the federal "Patient Protection and Affordable Care Act," Pub.L.111-148, as amended by the federal "Health Care and Education Reconciliation Act of 2010," Pub.…

54A:11-3 Minimum essential coverage. 3. a. A taxpayer shall, for each month beginning after December 31, 2018, ensure that the taxpayer, if an applicable individual, and any dependent of the taxpayer who is an applicable individual, is covered under minimum essential coverage for…

54A:11-4 Rules for determination of State shared responsibility. 4. The rules for determining the State shared responsibility tax under section 3 of this act shall reflect the following changes relative to the rules for determining the federal shared responsibility payment under …

54A:11-5 Assessment, collection of tax. 5. a. The tax imposed by this act shall be assessed and collected in the same manner as under the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq.; provided, however, that any funds collected pursuant to this act shall not be gross …

54A:11-6 Regulations. 6. a. Except as otherwise provided in this section, any federal regulations implementing 26 U.S.C. s.5000A, as that section and those regulations are in effect on December 15, 2017, shall apply as though incorporated into this act. Federal guidance interpret…

54A:11-7 Program to determine eligibility for exemption. 7. a. The State Treasurer shall establish a program for determining whether to grant a certification that an individual is entitled to an exemption from either the individual responsibility requirement pursuant to subsectio…

54A:11-8 Findings relative to required health insurance coverage. 8. a. The Legislature finds that: (1) The reporting requirement provided for in this section is necessary for the successful implementation of the tax imposed by this act. In particular, this requirement provides t…

54A:11-9 Notification to taxpayer. 9. Not earlier than November 1 nor later than November 30 of each year, the State Treasurer, in consultation with the Commissioner of Banking and Insurance, shall send a notification to each taxpayer who files a gross income tax return indicatin…

54A:12-1 Short title. 1. This act shall be known and may be cited as the "Pass-Through Business Alternative Income Tax Act." L.2019, c.320, s.1.

54A:12-2 Definitions relative to pass-through entity business alternative income tax. 2. As used in P.L.2019, c.320 (C.54A:12-1 et al.): "Direct share of the tax paid" means the portion of business alternative income tax calculated on the sum of each member's share of distributiv…

54A:12-3 Election to pay pass-through business alternative income tax. 3. a. A pass-through entity with at least one member who is liable pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., for tax on that member's share of distributive proceeds of the pass-…

54A:12-4 Powers of director for administration. 4. a. For the purpose of administration of P.L.2019, c.320 (C.54A:12-1 et al.), the director shall have those powers as the director deems necessary to apply to a pass-through entity subject to P.L.2019, c.320 (C.54A:12-1 et al.), f…

54A:12-5 Refundable gross income tax credit. 5. a. Each member of a pass-through entity that elects to be liable for, and pay, the pass-through business alternative income tax pursuant to section 3 of P.L.2019, c.320 (C.54A:12-3) for the taxable year shall be allowed a tax credit…

54A:12-6 Pass-through entity owned by corporate and non-corporate members. 12. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to the contrary, the director may, immediately, upon filing with the Office of Administrative…