New Jersey § 54a:5-19

§ 54a:5-19.

a. For the purposes of the “New Jersey Gross Income Tax Act,” N.J.S.54A:1-1 et seq. , for taxable years beginning on and after January 1, 2023, notwithstanding any provision

in N.J.S.54A:1-1 et seq. or the Corporation Business Tax Act (1945), P.L.1945, c. 162 ( C.54:10A-1 et seq. ) to the contrary, a taxpayer that is subject to the provisions of N.J.S.54A:1-1 et seq. and engages in a trade or business, regardless of business form, or is a partner

in a partnership or shareholder of an S corporation, which trade, business, partnership,

or S corporation conducts business operations partly within and partly without this

State and, as a result thereof or for other reasons that portion of the income from

sources within the State cannot readily or accurately be ascertained, the income from

the trade, business, partnership, or S corporation shall be sourced in a manner consistent

with the provisions of sections 6 through 10 of the Corporation Business Tax Act (1945),

P.L.1945, c. 162 ( C.54:10A-6 through C.54:10A-10 ). Income that is representative of the taxpayer's salary, wages, tips, fees, commissions,

bonuses, and other remuneration shall be sourced pursuant to the provisions of N.J.S.54A:1-1 et seq. b. The director shall promulgate rules and regulations necessary to carry out the

provisions of this section.