New Jersey § 54a:6-28

§ 54a:6-28.

a. Gross income shall not include distributions from a Roth IRA that are qualified

distributions or that are rolled over to a Roth IRA. b. “ Roth IRA ” means an individual retirement plan, as defined pursuant to section 7701 of the federal Internal Revenue Code of 1986 , 26 U.S.C. s.7701 , that is designated in the manner prescribed by the federal Secretary of the Treasury

pursuant to section 408A of the federal Internal Revenue Code of 1986 , 26 U.S.C. s.408A , as a Roth IRA and is subject to the contribution limits of that section. “ Qualified distribution ” means any payment or distribution: (1) made on or after the date on which the individual attains age 59 1/2, (2) made to a beneficiary (or to the estate of the individual) on or after the death

of the individual, (3) attributable to the individual's being disabled within the meaning of paragraph (7) of subsection (m) of section 72 of the federal Internal Revenue Code

of 1986 , 26 U.S.C. s.72 , or (4) which is a qualified first time home buyer distribution as defined by, and subject

to the limitations of, paragraph (2) of subsection (t) of section 72 of the federal Internal Revenue Code

of 1986 , 26 U.S.C. s.72 ; provided, however, that a payment or distribution shall not be treated as a qualified

distribution if it is made within the 5-taxable-year period beginning with the first

taxable year for which the individual made a contribution to a Roth IRA (or such individual's

spouse made a contribution to a Roth IRA) established for such individual, or in the

case of a payment or distribution allocable to a qualified rollover contribution from

an individual retirement plan other than a Roth IRA (or income allocable thereto),

it is made within the 5-taxable year period beginning with the taxable year in which

the rollover contribution was made.