New Jersey Statutes
§ 54:10A-8 — Adjustment of allocation factor
New Jersey·Title 54 TAXATION
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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Nearby Sections
15
§ 54:10A-1
Short title§ 54:10A-11
Receivers and others subject to tax§ 54:10A-13
Report of changed, corrected taxable income§ 54:10A-15
Annual tax payable; manner of payment.§ 54:10A-15.1
Fiscal or calendar accounting years between December 31, 1980 and December 31, 1984; schedule of installment payments§ 54:10A-15.2
Tax liability under $500; installment payment§ 54:10A-15.5
Franchise tax payments§ 54:10A-16
Lien§ 54:10A-19
1 Examination of returns, assessment.§ 54:10A-19 Extension for filing returns; interest.
§ 54:10A-19 Extension for filing returns; interest.