54:8A-17 - Withholding tax - New Jersey Statutes

54:8A-17.  Withholding tax
    From and after the first day of the first month following at least a full calendar month after the enactment of this act, every employer in this State of  a taxpayer subject to tax in respect of wages, salaries or commissions derived  from sources within this State shall deduct and withhold upon the same for each  payroll period an amount computed in such manner as to result, as far as  practicable, with due regard to the personal exemptions and standard deduction  allowable under this act, in withholding during each calendar year a sum  substantially equivalent to the amount of tax reasonably estimated to be due  under this article.  Methods for determining the amount to be withheld shall be  prescribed by regulation, as shall procedures and requirements for the  furnishing of written exemption certificates to the employer, the amending or  substitution of the same, the furnishing by the employer of written statements  showing the total compensation, the amount withheld and other specified  information.

     L.1961, c. 32, p. 132, s. 17, eff. May 29, 1961.