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NJ S4730
Bill
Status
10/27/2025
Primary Sponsor
Jon Bramnick
Click for details
AI Summary
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Extends the deadline for filing amended New Jersey gross income tax returns related to military pension or military survivor's benefit payment overpayments from the standard 3-year/2-year limit to 10 years from filing or 10 years from payment (whichever occurs later)
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Applies to taxpayers who erroneously reported military pension or survivor's benefit payments as taxable income when such payments are currently exempt from New Jersey gross income tax
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Current law requires claims for tax refunds or credits to be filed within 3 years from the return filing date or 2 years from when the tax was paid, whichever expires later
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The credit or refund amount cannot exceed what would be allowable if the claim had been filed on the date the credit or refund is actually allowed
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Takes effect immediately upon enactment
Legislative Description
Extends time period in which gross income taxpayers may file amended tax returns to correct overpayment of tax related to military pension payments or military survivor's benefit payments.
Budget and Appropriations
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
10/27/2025