New Jersey § 54a:9-30

§ 54a:9-30.

a. Beginning with taxable year 2020, and subject to appropriation by the Legislature,

a qualified taxpayer shall be eligible for a tax rebate based on the requirements

set forth in this section. b. The rebate shall be the lesser of $500 or an amount equal to the amount of tax

paid after credits for the taxable year pursuant to the “New Jersey Gross Income Tax

Act,” N.J.S.54A:1-1 et seq. In the case of a qualified taxpayer who is a part-year resident during the taxable

year, the amount of the rebate shall be pro-rated, based upon the total number of

months of the taxpayer's residency during the taxable year. c. The director shall issue rebates to qualified taxpayers between July 1 and July

31 of the subsequent taxable year, provided however, in the case of a qualified taxpayer

who is granted an extension of time for filing a return, the director may issue the

rebate between July 1 and December 31 of the subsequent taxable year. d. The director is authorized to issue rules and regulations as necessary to implement

this section. e. The director may recover rebates issued in error or as a result of misrepresentation

in the same manner as a deficiency with respect to a payment of a State tax in accordance

with the State Uniform Tax Procedure Law, R.S.54:48-1 et seq. f. Any rebate issued pursuant to this section shall not be considered gross income

for purposes of the New Jersey Gross Income Tax Act. g. As used in this section: “ Qualified taxpayer ” means an individual who has timely filed a resident return, is a resident of this

State during the taxable year, and who had during the taxable year: (1) at least

one qualifying child; (2) gross income not exceeding $150,000 for married individuals

filing a joint return and an individual filing as a head of household or as a surviving

spouse, or $75,000 for married individuals filing separately and an individual filing

as a single taxpayer; and (3) a gross income tax liability greater than zero. “ Qualifying child ” means the same as defined in section 152 of the Internal Revenue Code ( 26 U.S.C. s.152 ), where claimed as a dependent on a resident return under the New Jersey Gross Income

Tax Act.