N.J.S.A. 54:10A-8 — Adjustment of allocation factor

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 attributable to the State, he may adjust it by: (a) excluding one or more of the factors therein; (b) including one or more other factors, such as expenses, purchases, contract values (minus subcontract values); (c) excluding one or more assets in computing entire net worth; or (d) excluding one or more assets in computing an allocation percentage; or (e) applying any other similar or different method calculated to effect a fair and proper allocation of the entire net income and the entire net worth reasonably attributable to the State. L.1945, c. 162, p. 569, s. 8. Amended by L.1949, c. 236, p. 742, s. 3; L.1958, c. 63, p. 193, s. 4; L.1968, c. 250, s. 4, eff. Aug. 16, 1968.

This is the verbatim text of N.J.S.A. 54:10A-8, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.