New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 5 - ENTIRE NET INCOME; DEFINITION, COMPONENTS AND RULES FOR COMPUTING
Section 18:7-5.23 - Application of Federal stock ownership attribution rules

Universal Citation: NJ Admin Code 18:7-5.23
Current through Register Vol. 56, No. 18, September 16, 2024

Except as otherwise provided either in this chapter or for specific purposes in certain sections of the Corporation Business Tax Act, the Federal stock ownership attribution rules apply for New Jersey corporation business tax purposes, except as set forth in this section. However, if a provision of the Internal Revenue Code regarding stock ownership attribution rules or subsequent amendments to any provision of the Internal Revenue Code result in less favorable treatment of a non-U.S. business entity than a U.S. domestic business entity, such provision shall not apply, and the same rules that otherwise would apply to a U.S. domestic business entity shall apply to that non-U.S. business entity for New Jersey corporation business tax purposes. For more information on combined groups and combined reporting, see N.J.A.C. 18:7-21.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.