N.J.S.A. § 54A:5-13.
Shareholder's share of S corporation income prorated for periods of residence
15. For purposes of this act, if a shareholder of an S corporation is both a resident and a nonresident of this State during any taxable year, the shareholder's pro rata share of the S corporation income allocated to this State and S corporation income not allocated to this State for the taxable period shall be further prorated between the shareholder's periods of residence and nonresidence during the taxable period, in accordance with the number of days in each period.
L.1993,c.173,s.15.
Source: view the official text
In this chapter (40 sections)
- 54:5-114.9. · Cancellation of tax sale certificate
- 54:5-115. · Certain sales confirmed; subsequent liens continued
- 54:5-116. · Lands acquired at tax sale; exchange for park lands
- 54:5-121. · Conveyance or transfer of lands to state for use as forest…
- 54:5-122. · Release of obligation to collect taxes, etc.; exemption…
- 54:5-123. · Right of redemption
- 54:5-124. · Amount required to redeem
- 54:5-126a. · Conveyance of land not suitable for forest park…
- 54:5-126b. · Redemption of land from municipality; amount
- 54:5-127. · Transfer to county for park purposes of lands acquired at…
- 54:5-128. · Redemption after transfer of lands to county for park…
- 54:5-129. · Foreclosure by county of right to redeem
- 54:5-130 · Creation of joint municipal lien pool permitted
- 54:5-131 · Powers of joint municipal lien pool
- 54:5-132 · Municipal liens defined; exceptions
- 54:5-133 · Laws applicable to operation of pool
- 54:5-134 · Transfer of municipal lien
- 54:5-135 · Execution of lien certificates
- 54:5-136 · Operating plan filed by joint municipal lien pool
- 54:5-137 · Rules, regulations, orders
- 54A:5-1.1 · Certain IRA roll over amounts protected for 4 years
- 54A:5-1.2 · Determination of category of income net of expenses or…
- 54A:5-1.2a · Taxpayer, depreciation, eligible property expenditures,…
- 54A:5-2. · Losses
- 54A:5-3. · Taxability of estates, trusts and their beneficiaries
- 54A:5-4. · Taxability of partners
- 54A:5-6. · Husband and wife
- 54A:5-7. · Allocations of income of nonresidents
- 54A:5-8 · Income from sources within State for nonresident
- 54A:5-9 · S corporation tax exemption
- 54A:5-10. · Definitions
- 54A:5-11. · Initial basis of shareholder of S corporation stock
- 54A:5-12. · Limits on shareholder's losses
- 54A:5-13. · Shareholder's share of S corporation income prorated for…
- 54A:5-14. · Distributions made by S corporation, treatment
- 54A:5-15 · Determination of amount of category of income, certain…
- 54A:5-16 · Definitions
- 54A:5-17 · Cannabis licensees, gross income
- 54A:5-18 · Regulations
- 54A:5-19 · Income sourced, Corporation Business Tax Act, New Jersey…