N.J.S.A. § 54A:8-2.
Optional tax tables
# (a)
General.--The director may promulgate uniform tax tables for individual taxpayers for any taxable year. An individual may elect to use or not to use any such tax table for which he is eligible.
# (b)
Preparation of tax tables.--Tax tables promulgated hereunder shall be based either upon (i) the individual's New Jersey income, or (ii) the individual's taxable income. In computing such tables, the director shall make allowance for the deductions and personal exemptions allowed under this act. In either case the director shall by regulation prescribe the conditions of eligibility for the use of a tax table. In no case shall the amount of tax calculated by use of a tax table deviate by more than $5.00 from the amount otherwise due under section 54A:2-1.
L.1976, c. 47, s. 54A:8-2, eff. July 8, 1976, operative Aug. 30, 1976.
Source: view the official text
In this chapter (23 sections)
- 54:8-1. · Reduction of interest on amounts due where records destroyed
- 54:8-2. · Article applicable to special assessments
- 54:8-3. · Destruction of records; determination of amounts due;…
- 54:8-4. · Action by municipality desiring relief; facts to be…
- 54:8-5. · Service upon joint tenants or tenants in common
- 54:8-6. · Nonresident owners or mortgagees; service; publication
- 54:8-12. · Enforcement of lien; alternative procedure
- 54:8-14. · Costs and fees not recoverable
- 54:8-15. · Copy of judgment filed; abstract; contents
- 54:8-16. · Legal assistants; compensation
- 54A:8-1 · Payment of tax; returns; extension of time
- 54A:8-2. · Optional tax tables
- 54A:8-3. · Accounting periods and methods
- 54A:8-3.1. · Persons required to file
- 54A:8-4 · Declarations of estimated tax
- 54A:8-5. · Payments of estimated tax
- 54A:8-6 · Requirements concerning returns, notices, records and…
- 54A:8-6.1 · Certain tax preparers required to use electronic methods…
- 54A:8-6.2 · Status of health care coverage, question on the New Jersey…
- 54A:8-7. · Report of change in federal taxable income or credit
- 54A:8-8 · Definitions relative to payment of estimated gross income tax…
- 54A:8-9 · Payment of estimated tax by nonresident taxpayer on certain…
- 54A:8-10 · Filing of estimated tax form required, exceptions