reglab/housing_qa huggingface dataset:
NJ Rev Stat § 54:8A-13 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-13 - Dependent; claim by person contributing more than ten per cent of support

54:8A-13. Dependent; claim by person contributing more than ten per cent of support  An individual receiving over half of his support for the eligibility year from persons who would be entitled to claim him as a dependent except that no one of them contributed over half of such support, may be claimed as a dependent by any one of such persons who contributed over 10% of such support, provided that all other such persons execute written declaration, to be filed with the return of the person making the claim, not to claim the same dependent for the eligibility year of each of them. L.1961, c. 32, p. 131, s. 13, eff. May 29, 1961.
NJ Rev Stat § 54:8A-14 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-14 - "Eligibility year" defined

54:8A-14. "Eligibility year" defined  "Eligibility year" means the calendar year in which the taxable year of the taxpayer begins. L.1961, c. 32, p. 131, s. 14, eff. May 29, 1961.
NJ Rev Stat § 54:8A-16 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-16 - Credits for tax imposed by another critical area state

54:8A-16. Credits for tax imposed by another critical area state  (A)(1) A nonresident of this State shall be allowed a credit against the tax otherwise due under this act for any income tax imposed for the taxable year by another critical area State, of which the taxpayer is a resident but such credit shall not exceed either: (a) the percentage of the other tax determined by dividing the portion of the taxpayer's income subject to taxation under this act which is also subject to the other tax by the total amount of his income subject to such other tax, or (b) the percentage of the tax otherwise due under this act, determined by dividing the portion of the taxpayer's income subject to taxation under this act which is also subject to the other tax by the total amount of the taxpayer's income which is taxable under this act. (2) No credit shall be allowed under this section unless the jurisdiction of which the taxpayer is a resident: (a) grants a substantially similar credit to residents of this State, or (b) imposes an income tax on its own residents with respect to income derived from this State, and exempts from income tax the income of residents of this State. (B) A resident of this State shall be allowed a credit against the tax otherwise due under this act for any income tax imposed for the taxable year by another critical area State, upon income both derived therefrom and subject to tax under this act. (1) The credit allowable under this subsection shall not exceed the percentage otherwise due under this act determined by dividing the portion of the taxpayer's income subject to taxation by such other jurisdiction by the total amount of the taxpayer's income subject to taxation under this act. (2) The credit allowable under this subsection shall not reduce the tax otherwise due under this act to an amount less than would have been due if the income subject to taxation by such other jurisdiction were excluded from the taxpayer's income subject to tax under this act. (3) No credit shall be allowed under this subsection for a tax of a jurisdiction which allows residents of this State a credit against the taxes imposed by such other jurisdiction for the tax under this act, if such other credit is substantially similar to the credit granted to nonresident taxpayers by subsection (A) of this section. L.1961, c. 32, p. 132, s. 16, eff. May 29, 1961. Amended by L.1961, c. 129, p. 758, s. 9; L.1962, c. 70, s. 4.
NJ Rev Stat § 54:8A-17 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-17 - Withholding tax

54:8A-17. Withholding tax  From and after the first day of the first month following at least a full calendar month after the enactment of this act, every employer in this State of a taxpayer subject to tax in respect of wages, salaries or commissions derived from sources within this State shall deduct and withhold upon the same for each payroll period an amount computed in such manner as to result, as far as practicable, with due regard to the personal exemptions and standard deduction allowable under this act, in withholding during each calendar year a sum substantially equivalent to the amount of tax reasonably estimated to be due under this article. Methods for determining the amount to be withheld shall be prescribed by regulation, as shall procedures and requirements for the furnishing of written exemption certificates to the employer, the amending or substitution of the same, the furnishing by the employer of written statements showing the total compensation, the amount withheld and other specified information. L.1961, c. 32, p. 132, s. 17, eff. May 29, 1961.
NJ Rev Stat § 54:8A-18 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-18 - Payment of tax; returns; extension of time

54:8A-18. Payment of tax; returns; extension of time  With respect to each taxpayer, the tax imposed by this act shall be due and payable annually hereafter, in the manner provided in this section: (a) Every taxpayer shall annually pay the tax imposed by this act with respect to all or any part of each of his fiscal or calendar accounting years beginning after January 1, 1961, to be computed as in this act provided, for such fiscal or calendar accounting year or part thereof, on a return which shall be filed, in the case of a taxpayer reporting on a calendar year basis, on or before April 15 following the close of such calendar year, or, in the case of a taxpayer reporting on a fiscal year basis, on or before the fifteenth day of the fourth month following the close of such fiscal year, and the full amount of the tax shall be due and payable on or before the date prescribed herein for the filing of the return. (b) Every taxpayer shall pay a like tax with respect to all or any part of the period beginning January 1, 1961 and extending through any subsequent part of its first fiscal or calendar accounting year ending after said date, to be computed as in this act provided, for such period, on a return which shall be filed on or before April 1, 1962, and the full amount of the tax shall be due and payable on or before the date prescribed herein for the filing of the return. (c) Each return shall carry a certificate signed by the taxpayer to the effect that all statements contained therein are true, under the same penalties as for perjury committed. Blank forms of return shall be furnished on application, but failure to secure the form shall not relieve any taxpayer of the obligation of making any return herein required. Subject to regulations under this act and in such form as may be indicated thereby, taxpayers whose net income taxable under this act is or may be subject to tax under a similar law of another jurisdiction may be permitted to file a simple, short form return attached to a copy of his return as filed or about to be filed by him in such other jurisdiction. Subject to regulations under this act, reasonable extensions of time for good cause shown, may be granted for not more than 6 months unless exceptional circumstances justify a longer period, within which returns may be filed. In addition, persons in active service with the Armed Forces of the United States, who may be prevented by distance or injury or hospitalization arising out of such service, may be allowed such extension of time for the filing of returns, without interest or penalty, as may be fixed by regulations under this act. L.1961, c. 32, p. 133, s. 18, eff. May 29, 1961. Amended by L.1961, c. 129, p. 759, s. 10; L.1962, c. 70, s. 5.
NJ Rev Stat § 54:8A-20 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-20 - Transportation fund; purposes; authorization to use

54:8A-20. Transportation fund; purposes; authorization to use  (a) All moneys which shall be received by way of tax or by way of moneys deducted and withheld under this act, shall be kept in a special fund, to be known as the Transportation Fund, separate and apart from all other funds, and the moneys in such fund at any time shall be used only for 1 or more of the following purposes, within the limits of available appropriations made by law from time to time: (1) to meet the expenses of administering the provisions of this act and of the regulations made hereunder and the expenses of any proceedings or actions involving the same; (2) to defray the cost of, or to provide financing by way of advances, loans or otherwise for, projects and programs to meet transportation problems, whether such transportation be by motor vehicle, by rail or rapid transit, or by any other mode or vehicle of transportation whatever, when such project or program includes the transportation of persons or property interstate, between the State of New Jersey and the source State, from which States taxpayers derive income or gain subject to tax under this act, and for the furnishing of such other facilities, services or other benefits for which the class of taxpayers covered by this act will be the major eligible recipient and for which the tax imposed by this act may reasonably be exacted, as may be authorized by law from time to time; (3) to make payment of refunds to taxpayers entitled to receive the same; (4) to make payment to another State of moneys deducted and withheld from its residents subject to tax hereunder in lieu of and in satisfaction of credits to which such residents may be entitled under the reciprocity clause contained in this act, whenever such State so provides by or pursuant to its law. (b) Funds in the Transportation Fund may not be used for any purpose except upon: (1) presentation to the Attorney General of an itemization of the purposes for which funds are proposed to be used, stating the amount of each such proposed expenditure, which presentation shall be made by: (A) The Director of the Division of Taxation, in the case of any purpose other than those described in subsection (a)(2) hereof, or (B) The State Highway Commissioner in the case of any purpose described in said subsection (a)(2), and upon, (2) transmittal of such itemization by the Attorney General to the State Treasurer, with a certification by the Attorney General endorsed thereon that the purposes for which funds are therein proposed to be used are within the terms and intent of the act and are otherwise in compliance with law. L.1961, c. 32, p. 135, s. 20, eff. May 29, 1961. Amended by L.1961, c. 129, p. 761, s. 11, eff. Dec. 22, 1961.
NJ Rev Stat § 54:8A-21 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-21 - Endowment fund; investment; use

54:8A-21. Endowment fund; investment; use  So much of the moneys as may be in the Transportation Fund at any time and as may be in excess of the amounts needed to meet anticipated uses thereof pursuant to this act during any fiscal year, shall be held and accumulated as an endowment fund, and may be invested and reinvested from time to time, in the same manner as any State funds may be invested, and the income thereof, as well as so much of the principal as may be necessary from time to time, shall be applied to the purposes authorized for the said Transportation Fund, within the limits of available appropriations. L.1961, c. 32, p. 136, s. 21, eff. May 29, 1961.
NJ Rev Stat § 54:8A-22 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-22 - Misapplication of funds; right to refund

54:8A-22. Misapplication of funds; right to refund  In the event that any part of the moneys in the Transportation Fund shall, at any time, be applied to a purpose or purposes other than one set forth in this act, every taxpayer who shall have been subject to the tax imposed by this act and who shall have paid the same, shall thereupon be entitled to a refund, or to a credit against taxes subsequently accruing, equal to his pro rata share of the amount so applied, disregarding any amounts less than $1.00. Upon application made within 1 year after it shall be determined that any such moneys have been so applied, in such form and by such procedure as may be provided by regulation, the division shall determine the pro rata share of each taxpayer according to the following formula: (a) multiply the total amount of taxes paid by the taxpayer for all taxable years from the enactment hereof to July 1 of the year in which the right to refund arises under this section, by the dollar amount of the moneys determined to have been applied to a purpose other than one set forth in this act; then (b) divide the product by the total amount paid by all taxpayers during the same period; then (c) from the quotient strike off any amount less than $1.00 to obtain the sum to be refunded or credited. If the amount so applied to another purpose shall have been determined by a court of competent jurisdiction, the amount so determined shall be used in the computation, otherwise, the division shall make determination of the amount. L.1961, c. 32, p. 136, s. 22, eff. May 29, 1961.
NJ Rev Stat § 54:8A-23 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-23 - "Source state" defined

54:8A-23. "Source state" defined  "Source State" means, in the case of residents of this State, a critical area State other than the State of New Jersey; and in the case of non-residents of this State who are residents of another critical area State, the term means the State of New Jersey. L.1961, c. 32, p. 137, s. 23, eff. May 29, 1961.
NJ Rev Stat § 54:8A-29 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-29 - Taxable year; annual accounting period; calendar year; fiscal year; definitions

54:8A-29. Taxable year; annual accounting period; calendar year; fiscal year; definitions  (a) The term "taxable year" means (1) the taxpayer's annual accounting period, if it is a calendar year or a fiscal year; (2) the calendar year, (A) if the taxpayer keeps no books, or (B) the taxpayer does not have an annual accounting period, or, (C) the taxpayer has an annual accounting period, but such period does not qualify as a fiscal year; or (3) the period for which the return is made, if the return is made for a period of less than 12 months. (b) The term "annual accounting period" means the annual period on the basis of which the taxpayer regularly computes his income in keeping his books. (c) The term "calendar year" means a period of 12 months ending on December 31. (d) The term "fiscal year" means a period of 12 months ending on the last day of any month other than December. L.1961, c. 32, p. 140, s. 29, eff. May 29, 1961. Amended by L.1961, c. 129, p. 771, s. 17.
NJ Rev Stat § 54:8A-30 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-30 - "Partnership" defined

54:8A-30. "Partnership" defined  "Partnership" includes all forms of unincorporated organization other than an estate or trust or a corporation, through or by means of which any business, financial operation or venture is carried on or liquidated. L.1961, c. 32, p. 140, s. 30, eff. May 29, 1961.
NJ Rev Stat § 54:8A-32 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-32 - Computation of gross income of taxpayer

54:8A-32. Computation of gross income of taxpayer  Except as otherwise provided in this act or by regulations pursuant to this act, a taxpayer shall compute his gross income by totaling his gains, losses, profits and income derived from salaries, wages or compensation for personal services, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property of whatever nature, growing out of the ownership or use of or interest in such property; also from interest, rent, royalties, dividends, securities, or the transaction of any business carried on for gain or profits and income derived from any source whatever within the source State, including prizes and awards (other than those primarily in recognition of some achievement in the arts, sciences or public interest without active entry by the recipient and without requirement that he render substantial future services as a condition), or gains or profits or income derived through estates or trusts by the beneficiaries thereof, whether as distributed or distributive shares. In any case, the term "gross income" shall include capital gains or capital losses only to the extent provided in section 39 of this act. L.1961, c. 32, p. 141, s. 32, eff. May 29, 1961. Amended by L.1961, c. 129, p. 773, s. 19.
NJ Rev Stat § 54:8A-33 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-33 - Income derived from sources within taxpayer's source state; exclusions from gross income

54:8A-33. Income derived from sources within taxpayer's source state; exclusions from gross income  (a) Income from intangible personal property, including annuities, dividends, interest, and gains from the disposition of intangible personal property, shall constitute income derived from sources within the taxpayer's source State only to the extent that such income is from property employed in a business, trade, profession, or occupation carried on in his source State. (b) Compensation paid by the United States for service in the Armed Forces of the United States, performed by an individual during an induction period, shall not constitute income derived from sources within his source State. (c) There shall be excluded from gross income all amounts received: (1) as a pension or retirement allowance, (2) under a life insurance contract payable by reason of death, (3) under a workmen's compensation act for personal injuries or sickness, (4) through accident and health insurance for personal injuries or sickness except to the extent that such amounts are paid by or are attributable to contributions by the employer, (5) by gift, bequest, devise or inheritance, (6) which constitute wages or payments in lieu of wages for a period during which the employee is absent from work on account of personal injuries or sickness; but this subsection shall not apply to the extent that such amounts exceed a weekly rate of $100.00. This shall not apply to amounts attributable to the first 30 calendar days in such period, if such amounts are at a rate which exceeds 75% of the regular weekly rate of wages of the employee. If amounts attributable to the first 30 calendar days in such period are at a rate which does not exceed 75% of the regular weekly rate of wages of the employee, the first part of this subsection shall not apply to the extent that such amounts exceed a weekly rate of $75.00, and shall not apply to amounts attributable to the first 7 calendar days in such period unless the employee is hospitalized on account of personal injuries or sickness for at least 1 day during such period. (d) In the case of a taxpayer who computes his gross income in accordance with the provisions of section 36, income and other amounts excluded from gross income under the provisions of this section shall be excluded only to the extent that such income and amounts would otherwise be included in Federal adjusted gross income. L.1961, c. 32, p. 142, s. 33, eff. May 29, 1961. Amended by L.1961, c. 129, p. 774, s. 20; L.1964, c. 279, s. 1.
NJ Rev Stat § 54:8A-34 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-34 - "Net income" defined

54:8A-34. "Net income" defined  The term "net income" means the gross income of a taxpayer less the deductions allowed by this act. L.1961, c. 32, p. 142, s. 34, eff. May 29, 1961.
NJ Rev Stat § 54:8A-35 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-35 - Computation of net income; deductions

54:8A-35. Computation of net income; deductions  (a) In the computation of net income, the taxpayer may deduct from gross income the ordinary and necessary expenditures directly connected with or pertaining to the taxpayer's trade or business; the ordinary and necessary nonbusiness or nontrade expenditures paid or incurred for the production or collection of income which, if and when realized, will be required to be included in income for the purpose of taxation under this act, or for the management, conservation or maintenance of property held for the production of such income but such deductions from gross income are allowable only if, and to the extent that, they are connected with income arising from sources within taxpayer's source State and taxable under this act. (b) The taxpayer may also deduct from his gross income, in lieu of his standard deduction: (1) Deductions for charitable contributions as defined in section 37(b) (4) but limited to his source State or to any political subdivision thereof, or to any corporation, trust, community chest, fund, foundation or other entity organized or operated under the laws of his source State; (2) Deductions for alimony or separate maintenance payments includible in the gross income of a recipient subject to tax under this act; (3) Deductions for losses of real or tangible personal property having an actual situs in his source State, arising from fire, storm, shipwreck or other casualty, or from theft, shall be allowed only to the extent that the amount of loss to an individual arising from each casualty, or from each theft, exceeds $100.00. For purposes of the $100.00 limitation, a husband and wife making a joint return for the taxable year in which the loss is allowed as a deduction shall be treated as one individual. (4) Deductions, with respect to real or tangible personal property having an actual situs in his source State, for losses (other than capital losses) incurred in any transaction entered into for profit but not connected with the taxpayer's trade or business; and (5) Deductions determined under regulations of the Division of Taxation to be connected with his gross income, except deductions for income taxes imposed by this State or any other taxing jurisdiction. L.1961, c. 32, p. 143, s. 35, eff. May 29, 1961. Amended by L.1961, c. 129, p. 775, s. 21; L.1964, c. 279, s. 2.
NJ Rev Stat § 54:8A-38 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:8A-38 - Inventories

54:8A-38. Inventories  Whenever the use of inventories is necessary in order clearly to determine the income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the regulations hereunder may prescribe, conforming as nearly as may be to the best accounting practice in the trade or business and most clearly reflecting the income. L.1961, c. 32, p. 144, s. 38, eff. May 29, 1961.