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Holocaust Reparations Income

CHAPTER 113

AN ACT excluding Holocaust restitution and compensation from income for gross income tax and PAAD eligibility purposes and supplementing chapter 6 of Title 54A of the New Jersey Statutes and P.L.1975, c.194 (C.30:4D-20 et seq.).

BE IT ENACTED by the Senate and General Assembly of the State of New Jersey:

C.54A:6-29 Holocaust reparations, restitution excluded from gross income.

  1. Gross income shall not include amounts received as reparations or restitution for the loss of liberty or damage to health by the victims of National Socialist (Nazi) persecution; returns of tangible or intangible property seized, misappropriated, or lost as a result of National Socialist (Nazi) actions or policies and any cash values in replacement of such property; payments of insurance policies purchased by the victims of National Socialist (Nazi) persecution; and any accumulated or accrued interest on such amounts.

    National Socialist (Nazi) actions or policies include, but are not limited to, actions and policies taken by Germany and other countries, or by organizations and institutions within those countries, against the victims of the Nazi Holocaust. C.30:4D-21.3 Holocaust reparations, restitution not considered income for determination of PAAD eligibility.


  2. Amounts received as reparations or restitution for the loss of liberty or damage to health by the victims of National Socialist (Nazi) persecution; returns of tangible or intangible property seized, misappropriated, or lost as a result of National Socialist (Nazi) actions or policies and any cash values in replacement of such property; payments of insurance policies purchased by the victims of National Socialist (Nazi) persecution; and any accumulated or accrued interest on such amounts shall not be counted as income for the purpose of determining eligibility for the Pharmaceutical Assistance to the Aged and Disabled program established pursuant to P.L.1975, c.194 (C.30:4D-20 et seq.).


  3. This act shall take effect immediately and apply to all tangible and intangible property received after enactment.
Approved October 20, 1998.

Last Updated: Wednesday, 08/20/14



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