New Jersey § 54a:4-2
Full text of New Jersey New Jersey Statutes § 54a:4-2, with citation guidance and answers to common questions.
§ 54a:4-2.
Credit for taxes withheld. a. Any amount of tax actually deducted and withheld by an employer under this act in
any calendar year shall be deemed to have been paid to the director on behalf of the
person from whom withheld, and such person shall be credited with having paid that
amount of tax for the taxable year beginning in such calendar year. For a taxable year of less than 12 months, the credit shall be made under regulations
of the director. b. An amount of tax actually paid to the director by an S corporation pursuant to
subsection c. of section 4 of P.L.1993, c. 173 ( C.54:10A-5.23 ), shall be credited to the shareholder of the S corporation on whose behalf the payment
was made as of the date of its receipt by the director, except as otherwise provided
by N.J.S.54A:9-11 , and the shareholder shall be credited with having paid that amount of tax for the
taxable year in which the S corporation's accounting or privilege period ends.
Frequently Asked Questions About New Jersey § 54a:4-2
What does New Jersey Statutes § 54a:4-2 cover?
Section 54a:4-2 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 54a:4-2?
A common citation format is "New Jersey Statutes § 54a:4-2" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 54a:4-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.