Bill > A3854

Introduced Session

This bill extends the period of time in which a taxpayer may file an amended gross income tax return to correct an overpayment of income tax arising as a result of the erroneous reporting of gross income attributable to military pension payments or military survivor's benefit payments received from the United States. Specifically, this bill would allow a taxpayer to file an amended tax return to claim a credit or refund for the overpayment within 10 years after the filing of a tax return or 10 years after the payment of the tax, whichever occurs later. The amount of the credit or refund for overpayment of tax would not exceed the amount which would be allowable if the claim had been filed on the date the credit or refund is allowed. Under current law, a taxpayer claiming a credit or refund of an overpayment of income tax is required to file the claim within three years from the time the tax return was filed or two years from the time the tax was paid, whichever of such periods expires later, or if no return was filed, within two years from the time the tax was paid. Currently, military pension payments or military survivor's benefit payments are exempt from New Jersey gross income tax. In the event that a taxpayer reported these payments as taxable gross income, without claiming the authorized exclusion, this bill would extend the period of time in which the taxpayer could correct the error.

AI Summary

Committee Categories

Aura Dunn (R)*, 

Introduced, Referred to Assembly Military and Veterans' Affairs Committee (on 01/13/2026)

Official Document