N.J.S.A. 54A:6-25.1

Loan redemption exempt from taxation.

54A:6-25.1 Loan redemption exempt from taxation. 12. Gross income, for the purposes of the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., shall not include amounts received as a loan redemption under the "Social Services Student Loan Redemption Program," established pursuant to P.L.2005, c.157 (C.18A:71B-87 et al). L.2005,c.157,s.12.

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This is the verbatim text of N.J.S.A. 54A:6-25.1, 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.