New Jersey § 54A:7-3 Credit for tax withheld

New Jersey Statutes

§ 54A:7-3 — Credit for tax withheld

New Jersey § 54A:7-3

Title 54ANEW JERSEY GROSS INCOME TAX ACT

This text of New Jersey § 54A:7-3 (Credit for tax withheld) 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:7-3 (2026).

Text

54A:7-3. Credit for tax withheld. Wages or pensions or annuities upon which tax is required to be withheld shall be taxable under this act as if no withholding were required, but any amount of tax actually deducted and withheld under this act in any calendar year shall be deemed to have been paid to the director on behalf of the person from whom withheld, and such person shall be credited with having paid that amount of tax for the taxable year beginning in such calendar year. For a taxable year of less than 12 months the credit shall be made under regulations of the director. L.1976, c.47, s.54A:7-3; amended 1989,c.328,s.3.

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54A:7-3. Credit for tax withheld. Wages or pensions or annuities upon which tax is required to be withheld shall be taxable under this act as if no withholding were required, but any amount of tax actually deducted and withheld under this act in any calendar year shall be deemed to have been paid to the director on behalf of the person from whom withheld, and such person shall be credited with having paid that amount of tax for the taxable year beginning in such calendar year. For a taxable year of less than 12 months the credit shall be made under regulations of the director. L.1976, c.47, s.54A:7-3; amended 1989,c.328,s.3.