New Jersey § 54a:11-5
Full text of New Jersey New Jersey Statutes § 54a:11-5, with citation guidance and answers to common questions.
§ 54a:11-5.
a. The tax imposed by this act shall be assessed and collected in the same manner
as under the “New Jersey Gross Income Tax Act,” N.J.S.54A:1-1 et seq. ; provided, however, that any funds collected pursuant to this act shall not be gross
income tax revenue for purposes of N.J.S.54A:9-25 . b. Any funds collected pursuant to this act shall be deposited in the New Jersey Health
Insurance Premium Security Fund created pursuant to P.L.2018, c. 24 ( C.17B:27A-10.1 et seq. ). If the Commissioner of Banking and Insurance does not establish a health insurance
reinsurance plan pursuant to P.L.2018, c. 24 ( C.17B:27A-10.1 et seq. ), the funds collected pursuant to this act shall be deposited in the Health Care
Subsidy Fund established pursuant to section 8 of P.L.1992, c. 160 ( C.26:2H-18.58 ), which may be used to improve and expand children's health insurance in the NJ FamilyCare
Program, established pursuant to P.L.2005, c. 156 ( C.30:4J-8 et al.), and, to the extent possible, to maximize federal funding under Title XXI
of the federal Social Security Act, subject to the approval of the Director of the
Division of Budget and Accounting in the Department of the Treasury.
Frequently Asked Questions About New Jersey § 54a:11-5
What does New Jersey Statutes § 54a:11-5 cover?
Section 54a:11-5 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:11-5?
A common citation format is "New Jersey Statutes § 54a:11-5" (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:11-5 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.