New Jersey Statutes
§ 54A:5-17 — Cannabis licensees, gross income.
New Jersey·Title 54A NEW JERSEY GROSS INCOME TAX ACT
3.
a.For cannabis licensees, New Jersey gross income under subsections b. and k. of N.J.S.54A:5-1 shall be determined without regard to section 280E of the Internal Revenue Code (26 U.S.C. s.280E).
b.For purposes of this section, "licensee" means the same as that term is defined in section 3 of P.L.2021, c.16 (C.24:6I-33). L.2023, c.50, s.3.
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Nearby Sections
15
§ 54A:5-1 New Jersey gross income defined.
§ 54A:5-1 New Jersey gross income defined.§ 54A:5-1.2a
Taxpayer, depreciation, eligible property expenditures, New Jersey Gross Income Tax Act; rules, regulations.§ 54A:5-10
Definitions§ 54A:5-12
Limits on shareholder's losses§ 54A:5-16
Definitions.§ 54A:5-17
Cannabis licensees, gross income.§ 54A:5-18
Regulations.§ 54A:5-2
Losses