New Jersey § 54:10A-8 Adjustment of allocation factor

New Jersey Statutes

§ 54:10A-8 — Adjustment of allocation factor

New Jersey § 54:10A-8

Title 54TAXATION

This text of New Jersey § 54:10A-8 (Adjustment of allocation factor) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54:10A-8 (2026).

Text

If it shall appear to the commissioner that an allocation factor determined pursuant to section 6 does not properly reflect the activity, business, receipts, capital, entire net worth or entire net income of a taxpayer reasonably attributable to the State, he may adjust it by:

(a)excluding one or more of the factors therein;

(b)including one or more other factors, such as expenses, purchases, contract values (minus subcontract values);

(c)excluding one or more assets in computing entire net worth; or (d) excluding one or more assets in computing an allocation percentage; or (e) applying any other similar or different method calculated to effect a fair and proper allocation of the entire net income and the entire net worth reasonably attributable to the State. L.1945, c. 162, p. 569, s.

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If it shall appear to the commissioner that an allocation factor determined pursuant to section 6 does not properly reflect the activity, business, receipts, capital, entire net worth or entire net income of a taxpayer reasonably attributable to the State, he may adjust it by: (a) excluding one or more of the factors therein; (b) including one or more other factors, such as expenses, purchases, contract values (minus subcontract values); (c) excluding one or more assets in computing entire net worth; or (d) excluding one or more assets in computing an allocation percentage; or (e) applying any other similar or different method calculated to effect a fair and proper allocation of the entire net income and the entire net worth reasonably attributable to the State. L.1945, c. 162, p. 569, s. 8. Amended by L.1949, c. 236, p. 742, s. 3; L.1958, c. 63, p. 193, s. 4; L.1968, c. 250, s. 4, eff. Aug. 16, 1968.