Section 54A:2-4 - Minimum taxable income Notwithstanding any other provisions of this act, a taxpayer shall not be subject to tax under this act if:
a. The taxpayer is filing as an unmarried individual, an estate or trust, with a gross income of (1) $3,000 or less for taxable years beginning before January 1, 1994,(2) $7,500 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999, and(3) $10,000 or less for taxable years beginning on or after January 1, 1999;b. The taxpayer is determining tax pursuant to subsection a. of N.J.S. 54A:2-1, or is a married couple filing a joint return, with a gross income of(1) $3,000 or less for taxable years beginning before January 1, 1994,(2) $7,500 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999,(3) $10,000 or less for taxable years beginning on or after January 1, 1999 but before January 1, 2000,(4) $15,000 or less for taxable years beginning on or after January 1, 2000 but before January 1, 2001, and(5) $20,000 or less for taxable years beginning on or after January 1, 2001; orc. The taxpayer is a married person filing separately with a gross income of(1) $1,500 or less for taxable years beginning before January 1, 1994,(2) $3,750 or less for taxable years beginning on or after January 1, 1994 but before January 1, 1999,(3) $5,000 or less for taxable years beginning on or after January 1, 1999 but before January 1, 2000,(4) $7,500 or less for taxable years beginning on or after January 1, 2000 but before January 1, 2001, and(5) $10,000 or less for taxable years beginning on or after January 1, 2001. In the case of a nonresident, gross income shall mean gross income which such nonresident would have reported if he had been a resident.
Amended 1990, c.61, s.14; 1994, c.8, s.1; 1999 c. 260, s. 1.