New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 23 - RAILROAD PROPERTY TAX
Subchapter 4 - RAILROAD FRANCHISE TAX
Section 18:23-4.6 - Net railway operating income allocation
Universal Citation: NJ Admin Code 18:23-4.6
Current through Register Vol. 56, No. 18, September 16, 2024
The net railway operating income of each system, and railroad not part of a system, used to determine the measure of the franchise tax is to be allocated to this State in the same proportion as the total number of miles of all track over which the railroad or system operates in this State bears to the total number of miles of all track over which it operates.
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