Title 54, Title 54: TAXATION

54:10A-5.39e Limitation on additional tax credits. 6. Notwithstanding any provision of P.L.2025, c.81 (C.54:10A-5.39d et al.) or any law, rule, or regulation to the contrary: a. any additional tax credits allowed pursuant to section 4 of P.L.2018, c.56 (C.54:10A-5.39c) and sectio…

54:10A-5.4. Short title 1. This act shall be known and may be cited as the "New Jobs Investment Tax Credit Act." L.1993,c.170,s.1.

54:10A-5.40 Imposition of surtax on liability. 1. In addition to the franchise tax paid by each taxpayer determined pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), for privilege periods ending on or after July 1, 2006 but before July 1, 2010, each taxpayer shall be assesse…

54:10A-5.41 Assessment, payment of surtax. 1. a. In addition to the tax paid by each taxpayer determined pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), each taxpayer, except for a public utility, shall be assessed and shall pay a surtax as follows: (1) For a taxpayer, exc…

54:10A-5.41a Allocated taxable net income over $10 million, surtax, corporate transit fee; definitions. 1. a. For purposes of this section: "Allocated taxable net income" means taxable net income as defined in subsection (w) of section 4 of P.L.1945, c.162 (C.54:10A-4). "Combined…

54:10A-5.42. Credit against corporation business tax 8. a. The Director of the Division of Taxation in the Department of the Treasury shall allow an employer a credit against the corporation business tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5) in the amount …

54:10A-5.43 Tax credit for certain corporate member. 11. Where the pass-through entity, which pays the pass-through business alternative income tax, is owned by both corporate members and non-corporate members, the corporate member shall be allowed a refundable tax credit against…

54:10A-5.44 Credit against tax imposed pursuant to C.54:10A-5. 1. a. A taxpayer, upon approval of an application to the department and the director, shall be allowed a credit against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5): (1) in amount not to excee…

54:10A-5.45 Tax credit for employer of employee who donates organ, bone marrow. 6. a. A taxpayer that employs a person who missed time from work because the person donated one or more of the person's human organs, or a part thereof, or bone marrow to another human for human organ…

54:10A-5.46 Credit against certain tax. 15. For privilege periods ending on and after July 31, 2020, a taxpayer shall be allowed a credit against the tax imposed by subsection c. of section 5 of P.L.1945, c.162 (C.54:10A-5) to the extent a subsidiary of the taxpayer received divi…

54:10A-5.47 Credit against tax; definitions. 106. a. For privilege periods ending in 2020, 2021, and 2022, a taxpayer, upon approval of an application to the authority, shall be allowed a credit against the tax imposed pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5) in the …

54:10A-5.48 Tax credit for taxpayer's purchase of unit concrete products that utilize carbon footprint-reducing technology. 4. a. A taxpayer who in a privilege period purchases unit concrete products that utilize carbon footprint-reducing technology, which may include permeable p…

54:10A-5.49 Tax credit, producer, low embodied carbon concrete, carbon capture, utilization, storage technology; requirements, qualifications. 2. a. For privilege periods beginning on or after January 1 next following the effective date of P.L.2023, c.4 (C.13:1D-70 et al.), a tax…

54:10A-5.5 Definitions relative to new jobs investment tax credit. 2. As used in this act: "Business relocation or expansion or investment" means capital investment in a new or expanded business facility in this State. "Business facility" means any factory, mill, plant, refinery,…

54:10A-5.50 Tax credit, cost incurred, environmental product declaration analysis, producer, low embodied carbon concrete, carbon capture, utilization, storage technology; requirements, qualifications. 3. a. (1) For privilege periods beginning on or after January 1 next following…

54:10A-5.6 Determination of taxpayer credit allowed. 3. a. A taxpayer shall be allowed a credit against the portion of the tax imposed in section 5 of P.L.1945, c.162 (C.54:10A-5), that is attributable to and the direct consequence of the taxpayer's qualified investment in a new …

54:10A-5.7. Determination of aggregate annual credit allowed 4. a. The aggregate annual credit allowed for a tax year shall be an amount equal to the sum of: (1) The one-fifth part allowed under section 3 for qualified investment placed into service or use during a prior tax year…

54:10A-5.8. Qualified investment in property purchased for business relocation, expansion 5. a. The qualified investment in property purchased for business relocation or expansion shall be the applicable percentage of the cost of each property purchased for business relocation or…

54:10A-5.9 New jobs factor to determine amount of credit allowed. 6. a. The new jobs factor used to determine the amount of credit allowed under this act shall be based on the number of new jobs created in this State that are directly attributable to the qualified investment of t…

54:10A-5b Credit for air carrier, certain circumstances. 29. An air carrier, within the meaning given that term pursuant to 49 U.S.C. s.40102, that contributes more than 25% of the total amortization for capital improvement projects at Newark International Airport paid by air car…

54:10A-6 Allocation factor. 6. The portion of a taxpayer's entire net worth to be used as a measure of the tax imposed by subsection (a) of section 5 of P.L.1945, c.162 (C.54:10A-5), and the portion of its entire net income to be used as a measure of the tax imposed by subsection…

54:10A-6.1 "Operational income" defined; related corporate expenses not deductible; conditions; forms; rules. 5. a. "Operational income" subject to allocation to New Jersey means income from tangible and intangible property if the acquisition, management, or disposition of the pr…

54:10A-6.2 Determination of receipts from services, alternative minimum assessment; definitions. 26. a. For the purposes of determining the receipts from services within the State under paragraph (4) of subsection (B) of section 6 of P.L.1945, c.162 (C.54:10A-6), the receipts fro…

54:10A-6.3 Determination of sales fraction for airline. 2. Notwithstanding the provisions of section 6 of P.L.1945, c.162 (C.54:10A-6), the sales fraction for the transportation revenues of a taxpayer that is an airline shall be determined as the ratio of revenue miles in this St…

54:10A-6.4 Definitions. 9. a. As used in this section: "Investment management services" means providing a substantial quantity of any of the following services to a partnership, S corporation, or other entity as a partner thereto: (1) advising as to the advisability of investing …

54:10A-6.5 Computation of entire net income. 2. For privilege periods beginning on and after January 1, 2017, for the purposes of computing entire net income pursuant to section 4 of P.L.1945, c.162 (C.54:10A-4), a taxpayer shall not be allowed the amount of any deduction, exempt…

54:10A-7. "Compensation of officers and employees within state" defined As used in section six (C), compensation of officers and employees within this State shall include the entire amount of wages, salaries and other personal service compensation for services performed within or…

54:10A-8. Adjustment of allocation factor 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 attribut…

54:10A-9. Taxpayer holding stock of subsidiary; deductions from net worth; "subsidiary" defined Any taxpayer which holds capital stock of a subsidiary during all or part of any year may, for the purposes of the tax imposed by this act, deduct from its net worth, the following amo…