54A:4-2. Credit for taxes withheld, paid by S corporation
54A:4-2. Credit for taxes withheld. a. Any amount of tax actually deducted and withheld by an employer 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.
b. An amount of tax actually paid to the director by an S corporation pursuant to subsection c. of section 4 of P.L.1993, c.173 (C.54:10A-5.23), shall be credited to the shareholder of the S corporation on whose behalf the payment was made as of the date of its receipt by the director, except as otherwise provided by N.J.S.54A:9-11, and the shareholder shall be credited with having paid that amount of tax for the taxable year in which the S corporation's accounting or privilege period ends.
L.1976, c.47, s. 54A:4-2; amended 1993,c.173,s.8.
Structure New Jersey Revised Statutes
Title 54A - New Jersey Gross Income Tax Act
Section 54A:1-2 - Definitions.
Section 54A:1-2.1 - Charitable contributions not a factor in determination of domicile.
Section 54A:2-1 - Imposition of tax.
Section 54A:2-1a - Determination of tax due, certain circumstances.
Section THE - SECTION PREVIOUSLY ALLOCATED AS 54A:2-1b HAS BEEN REALLOCATED TO C.54A:3-9
Section 54A:2-1.1 - Determination of tax, income of nonresident
Section 54A:2-1.2 - Review of New York enactments by Attorney General
Section 54A:2-2 - Partners and partnerships
Section 54A:2-3 - Associations taxable as corporations
Section 54A:2-4 - Minimum taxable income
Section 54A:3-1 - Personal exemptions and deductions.
Section 54A:3-1.1 - Dependent under 22 in attendance at accredited post-secondary institution
Section 54A:3-2 - Alimony and separate maintenance payments
Section 54A:3-3 - Medical expenses.
Section 54A:3-4 - Deductions for contributions to medical savings account.
Section 54A:3-5 - Self-employed individuals, deduction for health insurance costs.
Section 54A:3-6 - Deduction for qualified conservation contribution
Section 54A:3-7 - Designation of "Health Enterprise Zones."
Section 54A:3-8 - Tax deduction for qualified receipts, definitions.
Section 54A:3-9 - Alternative business calculation established.
Section 54A:3-10 - Deduction from gross income for organ, bone marrow donor.
Section 54A:3-11 - Short title.
Section 54A:3-12 - Allowable deduction in the amount of taxpayer's contribution.
Section 54A:3-13 - Allowable deduction in the amount of student loan principal, interest payments.
Section 54A:3-14 - Allowable deduction in the amount of higher education tuition costs.
Section 54A:3A-15 - Short title
Section 54A:3A-16 - Definitions relative to residential property taxes
Section 54A:3A-17 - Resident taxpayer allowed certain property tax deduction; limitations.
Section 54A:3A-19 - Deduction for property taxes; limitations.
Section 54A:3A-20 - Credit instead of deduction; limitations; annual application
Section 54A:3A-21 - Benefits not subject to garnishment, attachment, other legal process
Section 54A:3A-22 - Determination of form, manner of application for benefits; regulations
Section 54A:4-1 - Resident credit for tax of another state.
Section 54A:4-2 - Credit for taxes withheld, paid by S corporation
Section 54A:4-4 - Credit in lieu of refund of unemployment compensation contributions
Section 54A:4-6 - Findings, declarations relative to an earned income tax credit
Section 54A:4-7 - New Jersey Earned Income Tax Credit program.
Section 54A:4-8 - Annual appropriation for administration
Section 54A:4-9 - Availability of statistical information
Section 54A:4-10 - Regulations
Section 54A:4-11 - Gross income tax credit for employment of certain handicapped persons.
Section 54A:4-12b - Tax credit for certain film expenses.
Section 54A:4-13 - Credit against tax due.
Section 54A:4-14 - Short title.
Section 54A:4-15 - Veteran care credit for qualified family caregivers; definitions.
Section 54A:4-16 - Tax credit.
Section 54A:4-17 - Certain credits permitted.
Section 54A:4-17.1 - Child tax credit, income limit.
Section 54A:4-18 - Credit against gross income tax
Section 54A:4-19 - Credit against tax due under N.J.S.54A:1-1 et seq.
Section 54A:4-20 - Employer allowed credit for employee who donates organ, bone marrow.
Section 54A:4-21 - Credit against tax.
Section 54A:5-1 - New Jersey gross income defined.
Section 54A:5-1.1 - Certain IRA roll over amounts protected for 4 years.
Section 54A:5-3 - Taxability of estates, trusts and their beneficiaries
Section 54A:5-4 - Taxability of partners
Section 54A:5-6 - Husband and wife
Section 54A:5-7 - Allocations of income of nonresidents
Section 54A:5-8 - Income from sources within State for nonresident.
Section 54A:5-9 - S corporation tax exemption.
Section 54A:5-10 - Definitions
Section 54A:5-11 - Initial basis of shareholder of S corporation stock
Section 54A:5-12 - Limits on shareholder's losses
Section 54A:5-13 - Shareholder's share of S corporation income prorated for periods of residence
Section 54A:5-14 - Distributions made by S corporation, treatment
Section 54A:5-15 - Determination of amount of category of income, certain disallowances.
Section 54A:5-16 - Definitions.
Section 54A:6-1 - Items in 54A:6-2 to 54A:6-9 excluded
Section 54A:6-2 - Federal social security benefits
Section 54A:6-3 - Railroad retirement benefits
Section 54A:6-4 - Certain death benefits
Section 54A:6-5 - Gifts and inheritances
Section 54A:6-6 - Compensation for injuries or sickness
Section 54A:6-8 - Scholarships and fellowship grants
Section 54A:6-9.2 - Applicability of federal "Taxpayer Relief Act of 1997"
Section 54A:6-10 - Pensions and annuities.
Section 54A:6-11 - Lottery winnings.
Section 54A:6-13 - Unemployment insurance benefits
Section 54A:6-14 - Interest on certain obligations
Section 54A:6-14.1 - Exemption of distributions of qualified investment fund
Section 54A:6-15 - Other retirement income.
Section 54A:6-21 - Contributions to certain employee trusts
Section 54A:6-22 - Gross income exclusion.
Section 54A:6-23 - Commuter transportation benefits not considered gross income.
Section 54A:6-24 - Cafeteria plan, qualified option, certain; not gross income
Section 54A:6-25 - Certain earnings, distributions excluded from gross income.
Section 54A:6-25.1 - Loan redemption exempt from taxation.
Section 54A:6-25.2 - Gross income, student loan debt, total, permanently disabled veterans.
Section 54A:6-26 - Military pension, survivor's benefit payments excluded from gross income.
Section 54A:6-27 - Contributions to medical savings account not included in gross income.
Section 54A:6-28 - Roth IRA distributions excluded from gross income.
Section 54A:6-29 - Holocaust reparations, restitution excluded from gross income
Section 54A:6-31 - Family leave benefits not included in gross income.
Section 54A:6-32 - Combat zone compensation not considered gross income.
Section 54A:7-1 - Requirement of withholding tax from wages.
Section 54A:7-1.1 - Voluntary withholding from pensions and annuities
Section 54A:7-3 - Credit for tax withheld
Section 54A:7-4 - Employer's or other payor's return and payment of withheld taxes
Section 54A:7-5 - Liability for withheld taxes
Section 54A:7-6 - Failure to withhold
Section 54A:7-7 - Filing annual reconciliation of tax withheld
Section 54A:8-1 - Payment of tax; returns; extension of time.
Section 54A:8-2 - Optional tax tables
Section 54A:8-3 - Accounting periods and methods
Section 54A:8-3.1 - Persons required to file
Section 54A:8-4 - Declarations of estimated tax.
Section 54A:8-5 - Payments of estimated tax
Section 54A:8-6 - Requirements concerning returns, notices, records and statements.
Section 54A:8-6.1 - Certain tax preparers required to use electronic methods for filing.
Section 54A:8-7 - Report of change in federal taxable income or credit
Section 54A:8-9 - Payment of estimated tax by nonresident taxpayer on certain gains.
Section 54A:8-10 - Filing of estimated tax form required, exceptions.
Section 54A:9-1 - Applicability of State Tax Uniform Procedure Law.
Section 54A:9-2 - Notice of deficiency.
Section 54A:9-4 - Limitations on assessment.
Section 54A:9-5 - Interest on underpayment.
Section 54A:9-6 - Additions to tax and civil penalties.
Section 54A:9-7 - Overpayment.
Section 54A:9-8 - Limitations on credit or refund
Section 54A:9-8.2 - Regulations for procedures and methods.
Section 54A:9-8.3 - Appropriation of sums collected
Section 54A:9-9 - Petition to director.
Section 54A:9-10 - Appeal to tax court, claim for refund.
Section 54A:9-11 - Mailing rules; holidays.
Section 54A:9-12 - Collection, levy and liens
Section 54A:9-13 - Transferees.
Section 54A:9-14 - Jeopardy assessment.
Section 54A:9-16 - Armed forces relief provisions.
Section 54A:9-17 - General powers of the director.
Section 54A:9-17.1 - Identifying numbers.
Section 54A:9-17.2 - Filing of tax returns for domestic service workers.
Section 54A:9-18 - Order to compel compliance.
Section 54A:9-19 - Exercise of powers and duties of Division of Taxation by director.
Section 54A:9-20 - Appropriation.
Section 54A:9-21 - Severability clause.
Section 54A:9-24 - Repeal of Tax on Capital Gains and Other Unearned Income.
Section 54A:9-25 - Property Tax Relief Fund.
Section 54A:9-25.1 - Gubernatorial Election Fund checkoff.
Section 54A:9-25.2 - "Endangered and Nongame Species of Wildlife Conservation Fund."
Section 54A:9-25.3 - Appropriation of deposited moneys.
Section 54A:9-25.4 - "Children's Trust Fund."
Section 54A:9-25.5 - All funds to commission.
Section 54A:9-25.7 - "New Jersey Breast Cancer Research Fund."
Section 54A:9-25.8 - Legislative appropriations; breast cancer research project defined.
Section 54A:9-25.9 - U.S.S. New Jersey Educational Museum Fund; tax return contribution.
Section 54A:9-25.10 - U.S.S. New Jersey Educational Museum Fund established.
Section 54A:9-25.11 - Cost incurred, deducted from receipts.
Section 54A:9-25.12 - "Drug Abuse Education Fund."
Section 54A:9-25.13 - Appropriation of all funds deposited in "Drug Abuse Education Fund."
Section 54A:9-25.15 - Option to contribute portion of tax refund to Korean Veterans' Memorial Fund.
Section 54A:9-25.16 - Appropriation of funds deposited.
Section 54A:9-25.17 - "Organ and Tissue Donor Awareness Education Fund."
Section 54A:9-25.18 - Appropriation of funds in Organ and Tissue Donor Awareness Education Fund.
Section 54A:9-25.19 - NJ-AIDS Services Fund; tax return contribution
Section 54A:9-25.20 - "Literacy Volunteers of America - New Jersey Fund;" tax return contribution
Section 54A:9-25.21 - "New Jersey Prostate Cancer Research Fund"; tax return contribution.
Section 54A:9-25.22 - Appropriation of monies deposited.
Section 54A:9-25.24 - "New Jersey Veterans Haven Support Fund," tax return contribution.
Section 54A:9-25.25 - "Community Food Pantry Fund."
Section 54A:9-25.26 - "Cat and Dog Spay/Neuter Fund."
Section 54A:9-25.27 - "New Jersey Lung Cancer Research Fund."
Section 54A:9-25.28 - "Boys and Girls Clubs in New Jersey Fund."
Section 54A:9-25.29 - "NJ National Guard State Family Readiness Council Fund."
Section 54A:9-25.30 - "American Red Cross-NJ Fund."
Section 54A:9-25.31 - "Girl Scouts Councils in New Jersey Fund."
Section 54A:9-25.32 - "2014 NJ Special Olympics Home Team Fund."
Section 54A:9-25.33 - "Homeless Veterans Grant Fund."
Section 54A:9-25.34 - "The Leukemia & Lymphoma Society - New Jersey Fund."
Section 54A:9-25.35 - "Northern New Jersey Veterans Memorial Cemetery Development Fund."
Section 54A:9-25.36 - "New Jersey Farm to School and School Garden Fund."
Section 54A:9-25.38 - "ALS Association Support Fund."
Section 54A:9-25.39 - "Fund for the Support of New Jersey Nonprofit Veterans Organizations."
Section 54A:9-25.40 - "New Jersey Yellow Ribbon Fund."
Section 54A:9-25.41 - "Autism Programs Fund."
Section 54A:9-25.42 - "Boy Scouts of America Councils in New Jersey Fund."
Section 54A:9-25.43 - "NJ Memorials to War Veterans Maintenance Fund."
Section 54A:9-25.44 - "Jersey Fresh Program Fund."
Section 54A:9-25.45 - NJ World War II Veterans' Memorial Fund.
Section 54A:9-25.46 - "Meals on Wheels in New Jersey Fund."
Section 54A:9-25.47 - "New Jersey Pediatric Cancer Research Fund."
Section 54A:9-25.48 - "Special Olympics New Jersey Fund".
Section 54A:9-25.49 - "New Jersey Ovarian Cancer Research Fund".
Section 54A:9-26 - Property Tax Relief Fund saved harmless.
Section 54A:9-27 - Effective date.
Section 54A:9-29 - Certain revenue appropriated for direct real property taxpayer relief.
Section 54A:9-30 - Eligibility for tax rebates.
Section 54A:10-1 - Short title
Section 54A:10-2 - Legislative declaration.
Section 54A:10-3 - Definitions.
Section 54A:10-4 - Revenue sharing fund; creation; distributions to municipalities.
Section 54A:10-5 - Distribution of additional amount.
Section 54A:10-7 - Anticipation of revenues in municipal budget; reduction of property tax levy.
Section 54A:10-8 - Annual certification of funds due each municipality; payments.
Section 54A:10-9 - Rules and regulations.
Section 54A:10-10 - Inapplicability of act to program of aid or assistance in effect.
Section 54A:11-1 - Short title.
Section 54A:11-2 - Definitions relative to required health insurance coverage.
Section 54A:11-3 - Minimum essential coverage.
Section 54A:11-4 - Rules for determination of State shared responsibility.
Section 54A:11-5 - Assessment, collection of tax.
Section 54A:11-6 - Regulations.
Section 54A:11-7 - Program to determine eligibility for exemption.
Section 54A:11-8 - Findings relative to required health insurance coverage.
Section 54A:11-9 - Notification to taxpayer.
Section 54A:11-10 - Rules, regulations.
Section 54A:12-1 - Short title.
Section 54A:12-2 - Definitions relative to pass-through entity business alternative income tax.
Section 54A:12-3 - Election to pay pass-through business alternative income tax.
Section 54A:12-4 - Powers of director for administration.
Section 54A:12-5 - Refundable gross income tax credit.
Section 54A:12-6 - Pass-through entity owned by corporate and non-corporate members.