N.J.S.A. 54A:3-12

Allowable deduction in the amount of taxpayer's contribution.

54A:3-12 Allowable deduction in the amount of taxpayer's contribution. 3. A taxpayer with gross income of $200,000 or less shall be allowed a deduction, not to exceed $10,000, from the taxpayer's gross income for the taxable year in the amount of the taxpayer's contribution for the taxable year to an account established pursuant to the "New Jersey Better Educational Savings Trust Program," (N.J.S.18A:71B-35 et seq.). L.2021, c.128, s.3.

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This is the verbatim text of N.J.S.A. 54A:3-12, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.