State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-8a > 54-8a-10

54:8A-10.  Exemptions from net income
    (a) Each taxpayer is allowed the following exemptions with respect to net income:

    For each taxpayer, $650.00;  for the taxpayer's spouse, if taxpayer does not  file a joint return and if such spouse has no gross income for the eligibility  year and is not a dependent of another taxpayer, an additional $650.00;  for  each taxpayer who is at least 65 years of age or over at the close of his  taxable year, an additional $650.00, and for taxpayer's spouse under the same  conditions and if the initial $650.00 exemption is allowable, an additional  $650.00;  for each taxpayer who is blind at the close of his taxable year, an  additional $650.00, and for taxpayer's spouse under the same conditions and if  the initial $650.00 exemption is allowable, an additional $650.00.  Blindness  shall be deemed to exist when central visual acuity in the better eye does not  exceed   20/200   with correcting lenses, or when the widest diameter of the  visual field subtends an angle of not more than 20 degrees;

    For each dependent whose entire gross income for the eligibility year is less than $750.00, or who is taxpayer's child or stepchild and has not attained  age 19 at the close of the eligibility year or is a student: $650.00.

    For taxable years beginning in 1979, such exemption shall be $700.00, for taxable years beginning in 1980 such exemption shall be $750.00, and for taxable years beginning in 1982 and thereafter such exemption shall be $800.00.

    With respect to all taxable years beginning on or after January 1, 1973, if  (1) the taxpayer's gross income as defined in section 7 of P.L.1961, c. 32 (C.  54:8A-7), is exceeded by (2) his entire gross income by more than $100.00, his  exemptions allowed in this section shall be limited by the percentage which (1)  is of (2).  The manner for determining a taxpayer's entire gross income shall  be provided by regulation.  Such regulations may authorize the use of federal  adjusted gross income for this purpose.

    (b) Husband and wife.  For a husband and wife who have elected to file separate New Jersey returns on a single form pursuant to section 44(b) of P.L.1961, c. 32 (C. 54:8A-44(b)), the limitation under subsection (a) of this section shall be determined by reference to (1) their total New Jersey gross incomes and (2) the combined entire gross income of the husband and wife.

     L.1961, c. 32, p. 130, s. 10, eff. May 29, 1961.  Amended by L.1961, c. 129,  p. 757, s. 5;  L.1970, c. 304, s. 4;  L.1973, c. 244, s. 2, eff. Nov. 21, 1973;   L.1978, c. 131, s. 3, eff. Oct. 18, 1978;  L.1981, c. 374, s. 2, eff. Dec. 30,  1981.