New Jersey Statutes
§ 54:15B-5 — Gross receipts; credit against petroleum products tax
New Jersey·Title 54 TAXATION
5.
a.Gross receipts of a company making first sales of petroleum products within this State shall not include consideration derived from the first sale of petroleum products within this State sold for exportation from this State for sale or use outside this State or sales within this State between companies licensed pursuant to section 6 of P.L.1991, c.181 (C.54:15B-12).
b.Gross receipts of a company making first sales of petroleum products within this State shall not include consideration derived from the first sale of petroleum products within this State to the United States government, or to any of its departments, agencies or instrumentalities, for use in a federal government function or operation. A company making a first sale of petroleum products the gross receipts from which are
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Nearby Sections
15
§ 54:15B-1
Short title§ 54:15B-13
Tax levied on persons holding certain fuels.§ 54:15B-3
Petroleum products tax.§ 54:15B-4
Additional tax§ 54:15B-6
Registration with director§ 54:15B-7
Filing of return; payment of tax.