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New Jersey Statutes, Title: 54A, NEW JERSEY GROSS INCOME TAX ACT

    Chapter 5: New Jersey gross income defined.

      Section: 54A:5-2: Losses

           Losses which occur within one category of gross income may be applied against other sources of gross income within the same category of gross income during the taxable year. However, a net loss in one category of gross income may not be applied against gross income in another category of gross income.

L.1976, c. 47, s. 54A:5-2, eff. July 8, 1976, operative Aug. 30, 1976.



This section added to the Rutgers Database: 2012-09-26 13:37:57.






Older versions of 54a:5-2 (if available):



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