Search Rutgers Law Library N.J. Court Opinions

1 JOHN RECK et al. v. OPINION DIRECTOR, DIVISION OF TAXATION, -- rank: 1000

... taxation under the Gross Income Tax Act. The Director cites N.J.S.A. 54A:6-10 in support of this contention, asserting that this statute excludes ... by L. 1999, c. 177, 2 the applicable portion of N.J.S.A. 54A:6-10 provided as follows: In addition to that part of any ... J. Tax 584, 590 (Tax 1997). This analysis demonstrates that N.J.S.A. 54A:6-10 expresses a legislative determination and intent that the gross income ... the Gross Income Tax Act, supports the foregoing interpretation of N.J.S.A. 54A:6-10. Before amendment by L. 1977, c. 40 (the enactment of ... taxpayer.” The amendment, which also enacted the portion of N.J.S.A. 54A:6-10 quoted above, changed the definition to: [p]ensions and annuities ... However, by including a reference to the exclusions provided by N.J.S.A. 54A:6-10, the Legislature indicated that proceeds (that is, distributions), not ...

docket:	08766-96
court:
decided:	2000-03-21
status:
citation:	18 N.J. Tax 598
Document Size:	130449