New Jersey § 54a:4-1

§ 54a:4-1.

a. For taxable years beginning on and after January 1, 2020 but before January 1,

2024, a resident taxpayer who: (1) pays any income tax or wage tax imposed for the taxable year by another state

of the United States, or political subdivision of such state, or by the District of

Columbia; (2) applies for and is denied a refund from such state or jurisdiction for taxes paid

to that state or jurisdiction on income derived from services rendered while the resident

taxpayer was within New Jersey; (3) files an appeal with a tax court or tribunal through which the resident taxpayer

formally protests the denial by another state or jurisdiction of the refund requested

by the resident taxpayer for taxes paid on income derived from services rendered while

the resident taxpayer was within New Jersey; and (4) obtains a final judgement from the tax court or tribunal resulting in the resident

taxpayer being refunded taxes paid to another state or jurisdiction on income derived

from services rendered while the resident taxpayer was within New Jersey shall be

allowed a credit against the tax otherwise due for the taxable year under the “New

Jersey Gross Income Tax Act,” N.J.S.54A:1-1 et seq. , in amount equal to 50 percent of the amount of taxes that are owed to the State

of New Jersey as a result of the readjustment of the credit for tax of another state

pursuant to subsection (e) of N.J.S.54A:4-1 . b. If the amount of the credit allowed pursuant to subsection a. of this section exceeds

the amount of tax otherwise due, that amount of excess shall be an overpayment for

the purposes of N.J.S.54A:9-7 ; provided however, that subsection (f) of N.J.S.54A:9-7 shall not apply.