N.J. Admin. Code § 9A:10-7.11
Current through Register Vol. 56, No. 11, June 3, 2024
Rollover of all or a portion of an account to an alternative investment strategy if offered by the NJBEST Program for the benefit of the designated beneficiary is permitted only once per calendar year. Rollover of all or a portion of an account to an alternative investment strategy if offered by the NJBEST Program for the benefit of another designated beneficiary who is a member of the family of the current beneficiary as permitted in section 529 of the Federal Internal Revenue Code of 1986, 26 U.S.C. § 529 is not subject to the once in a calendar year requirement.
N.J. Admin. Code § 9A:10-7.11
See: 33 New Jersey Register 4053(a), 34 New Jersey Register 3086(a).
Former N.J.A.C. 9A:10-7.11, Exclusion from New Jersey gross income, recodified to N.J.A.C. 9A:10-7.14.
Amended by R.2003 d.343, effective 8/18/2003.
See: 35 New Jersey Register 1483(a), 35 New Jersey Register 3828(b).
Substituted "per calendar year" for "within any 12 month period" and "calendar year requirement" for "12 month restriction".