New Jersey Statutes
§ 54A:5-2 — Losses
New Jersey § 54A:5-2
JurisdictionNew Jersey
Title 54ANEW JERSEY GROSS INCOME TAX ACT
This text of New Jersey § 54A:5-2 (Losses) 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:5-2 (2026).
Text
Losses which occur within one category of gross income may be applied against other sources of gross income within the same category of gross income during the taxable year. However, a net loss in one category of gross income may not be applied against gross income in another category of gross income. L.1976, c. 47, s. 54A:5-2, eff. July 8, 1976, operative Aug. 30, 1976.
Free access — add to your briefcase to read the full text and ask questions with AI
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
LossesCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 54A:5-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/54A/54A%3A5-2.