3. A taxpayer with gross income of $200,000 or less shall be allowed a deduction, not to exceed $10,000, from the taxpayer's gross income for the taxable year in the amount of the taxpayer's contribution for the taxable year to an account established pursuant to the "New Jersey Better Educational Savings Trust Program," (N.J.S.18A:71B-35 et seq.).
N.J. Stat. Ann. § 54A:3-12
Allowable deduction in the amount of taxpayer's contribution
Known as the New Jersey College Affordability Act
The act spans §§ 54A:3-1 to 54A:3-9 (15 sections).
L.2021, c.128, s.3.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.