New Jersey § 54a:3a-19
Full text of New Jersey New Jersey Statutes § 54a:3a-19, with citation guidance and answers to common questions.
§ 54a:3a-19.
a. If a taxpayer who is eligible for a deduction for property taxes under section
3 of this act 1 for a part of the taxable year is also eligible for a deduction for rent constituting
property taxes under section 4 of this act 2 for a part of the taxable year, the taxpayer shall be allowed a deduction, not in
excess of $15,000, subject to the limitations of subsection b. of this section, the
amount of which shall be equal to the sum of the amount of property tax credit as defined in section 1 of P.L.2018, c. 11 ( C.54:4-66.6 ) plus the amount of property taxes due and paid for the calendar year in which the property
taxes are due and payable on a homestead that is not a unit of residential rental
property and the amount of rent constituting property taxes due and paid for the calendar
year in which the rent constituting property taxes is due and payable for the occupancy
of a homestead that is a unit of residential rental property, provided however, that
the amount of property taxes and property tax credits shall be subject to the limitations set forth in subsections b. through e. of section
3 and the amount of rent constituting property taxes shall be subject to the limitations
set forth in subsections b. and c. of section 4 as may be applicable. b. Notwithstanding the provisions of subsection a. of this section to the contrary:
(1) a taxpayer who is eligible for a deduction for property taxes under section 3
of this act for a part of the taxable year and is also eligible for a deduction for
rent constituting property taxes under section 4 of this act for a part of the taxable
year, shall be allowed a deduction for the taxpayer's taxable year beginning during
1996 based on 50% of an amount not in excess of $5,000, the amount of which shall
be equal to the sum of the amount of property taxes paid on a homestead that is not
a unit of residential rental property and the amount of rent constituting property
taxes paid for the occupancy of a homestead that is a unit of residential rental property;
and (2) a taxpayer who is eligible for a deduction for property taxes under section
3 of this act for a part of the taxable year and is also eligible for a deduction
for rent constituting property taxes under section 4 of this act for a part of the
taxable year, shall be allowed a deduction for the taxpayer's taxable year beginning
during 1997 based on 75% of an amount not in excess of $7,500, the amount of which
shall be equal to the sum of the amount of property taxes paid on a homestead that
is not a unit of residential rental property and the amount of rent constituting property
taxes paid for the occupancy of a homestead that is a unit of residential rental property. 1
N.J.S.A. § 54A:3A-17. 2
N.J.S.A. § 54A:3A-18.
Frequently Asked Questions About New Jersey § 54a:3a-19
What does New Jersey Statutes § 54a:3a-19 cover?
Section 54a:3a-19 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:3a-19?
A common citation format is "New Jersey Statutes § 54a:3a-19" (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:3a-19 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.