New Jersey § 54A:3-12 Allowable deduction in the amount of taxpayer's contribution.

New Jersey Statutes

§ 54A:3-12 — Allowable deduction in the amount of taxpayer's contribution.

New Jersey § 54A:3-12

Title 54ANEW JERSEY GROSS INCOME TAX ACT

This text of New Jersey § 54A:3-12 (Allowable deduction in the amount of taxpayer's contribution.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54A:3-12 (2026).

Text

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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