N.J. Admin. Code § 18:7-7.3

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:7-7.3 - Allocating and non-allocating companies; definition

(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.

N.J. Admin. Code § 18:7-7.3

Amended by 49 N.J.R. 1694(a), effective 6/19/2017