N.J.S.A. 54A:6-34

Gross income, certain exemptions, small business stock.

54A:6-34 Gross income, certain exemptions, small business stock. 1. Notwithstanding any law or regulation to the contrary, gross income shall not include net gains or income derived from the sale, exchange, or other disposition of qualified small business stock to the extent such gains or income are exempt from federal taxation pursuant to section 1202 of the federal Internal Revenue Code of 1986 (26 U.S.C. s.1202). L.2025, c.67.

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This is the verbatim text of N.J.S.A. 54A:6-34, 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.

N.J.S.A. 54A:6-34 — Gross income, certain exemptions, small business stock. | Kyzer