N.J. Admin. Code § 18:23-4.6
Current through Register Vol. 56, No. 9, May 6, 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.
N.J. Admin. Code § 18:23-4.6