STATE OF NEW JERSEY
PRE-FILED FOR INTRODUCTION IN THE 2020 SESSION
Senator SANDRA B. CUNNINGHAM
District 31 (Hudson)
Senator THOMAS H. KEAN, JR.
District 21 (Morris, Somerset and Union)
Increases age of dependent for whom gross income tax exemption for higher education expenses may be claimed from under 22 years to under 25 years.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning the personal deduction under the gross income tax for support of dependents attending post-secondary institutions of higher education and amending P.L.1976, c.84.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.1976, c.84 (C.54A:3-1.1) is amended to read as follows:
In addition to the exemptions allowed under N.J.S. 54A:3-1, each taxpayer shall be allowed an additional exemption which may be taken as a deduction from [his] the taxpayer’s New Jersey gross income in amount of $1,000.00 for each dependent under the age of  25 years who is attending an accredited post-secondary institution of higher education on a full time basis and for whom the taxpayer paid one-half or more of the costs of tuition and maintenance of the dependent's attendance at such institution.
(cf: P.L.1976, c.84, s.1)
2. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1 next following enactment.
This bill increases the age of a dependent, from under 22 years to under 25 years, for whom a taxpayer is allowed a gross income tax deduction for tuition and maintenance at an accredited post-secondary institution of higher education. Under current law, a taxpayer is allowed a gross income tax deduction for each dependent child under the age of 22 who is attending an accredited post-secondary institution of higher education on a full-time basis. The deduction is available to taxpayers who provide one-half or more of the cost of a dependent’s tuition and maintenance at an accredited post-secondary institution of higher education. The age of a dependent child for whom a deduction may be claimed has not been changed since this statute was enacted in 1976.