New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 7 - ALLOCATION
Section 18:7-7.3 - Allocating and non-allocating companies; definition
Universal Citation: NJ Admin Code 18:7-7.3
Current through Register Vol. 56, No. 24, December 18, 2024
(a) A taxpayer that allocates a portion of its entire net income outside this State is referred to as an "allocating" taxpayer.
(b) A taxpayer that does not allocate any part of its entire net income outside this State is referred to as a "non-allocating" taxpayer.
(c) A taxpayer that maintains a regular place of business outside New Jersey for less than 50 percent of the period of time covered by a return is referred to as a "part year allocating" taxpayer.
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