NJ A6095

Extends the filing deadline for amended New Jersey gross income tax returns from 3 years to 10 years for taxpayers seeking refunds related to erroneously reported military pension payments or military survivor's benefit payments

Applies to taxpayers who incorrectly included military pension or survivor's benefit payments as taxable income instead of claiming the authorized exclusion under existing New Jersey law

Allows claims to be filed within 10 years from when the return was filed or 10 years from when the tax was paid, whichever occurs later

Credit or refund amounts are limited to what would be allowable if the claim had been filed on the date the credit or refund is allowed

Takes effect immediately upon enactment