New Jersey § 54A:5-7 Allocations of income of nonresidents

New Jersey Statutes

§ 54A:5-7 — Allocations of income of nonresidents

New Jersey § 54A:5-7

Title 54ANEW JERSEY GROSS INCOME TAX ACT

This text of New Jersey § 54A:5-7 (Allocations of income of nonresidents) 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. § 54A:5-7 (2026).

Text

54A:5-7. Allocations of income of nonresidents. Where a nonresident taxpayer earns, receives or acquires income from sources partly within and partly without this State or engages in a business, trade, profession or occupation partly within and partly without this State, and, as a result thereof or for other reasons that portion of the income from sources within this State cannot readily or accurately be ascertained, the director may by regulation prescribe uniform rules for apportionment or allocation of so much of such taxpayer's income as fairly and equitably represents income, derived from sources within this State and subject to tax under this act. L.1976, c.47, s. 54A:5-7; amended 1993,c.178,s.2.

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54A:5-7. Allocations of income of nonresidents. Where a nonresident taxpayer earns, receives or acquires income from sources partly within and partly without this State or engages in a business, trade, profession or occupation partly within and partly without this State, and, as a result thereof or for other reasons that portion of the income from sources within this State cannot readily or accurately be ascertained, the director may by regulation prescribe uniform rules for apportionment or allocation of so much of such taxpayer's income as fairly and equitably represents income, derived from sources within this State and subject to tax under this act. L.1976, c.47, s. 54A:5-7; amended 1993,c.178,s.2.