54A:2-4. Minimum taxable income
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/nj/title-54a/chapter-2/54a-2-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Minimum taxable income. Notwithstanding any other provisions of this act, a taxpayer shall not be subject to tax under this act if:
a. The taxpayer is filing as an unmarried individual, an estate or trust, with a gross income of
(1)$3,000 or less for taxable years beginning before January 1, 1994,
(2)$7,500 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999, and
(3)$10,000 or less for taxable years beginning on or after January 1, 1999;
b. The taxpayer is determining tax pursuant to subsection a. of N.J.S.54A:2-1, or is a married couple filing a joint return, with a gross income of
(1)$3,000 or less for taxable years beginning before January 1, 1994,
(2)$7,500 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999,
(3)$10,000 or less for taxable years beginning on or after January 1, 1999 but before January 1, 2000,
(4)$15,000 or less for taxable years beginning on or after January 1, 2000 but before January 1, 2001, and
(5)$20,000 or less for taxable years beginning on or after January 1, 2001; or
c. The taxpayer is a married person filing separately with a gross income of
(1)$1,500 or less for taxable years beginning before January 1, 1994,
(2)$3,750 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999,
(3)$5,000 or less for taxable years beginning on or after January 1, 1999 but before January 1, 2000,
(4)$7,500 or less for taxable years beginning on or after January 1, 2000 but before January 1, 2001, and
(5)$10,000 or less for taxable years beginning on or after January 1, 2001.
In the case of a nonresident, gross income shall mean gross income which such nonresident would have reported if he had been a resident.
L.1976, c.47, s. 54A:2-4; amended 1990, c.61, s.14; 1994, c.8, s.1; 1999, c.260, s.1.