New Jersey Statutes - Title 54A New Jersey Gross Income Tax Act - 54A:3-6 Deduction for qualified conservation contribution
Legal Research Home >
New Jersey Laws > New Jersey Gross Income Tax Act > New Jersey Statutes - Title 54A New Jersey Gross Income Tax Act - 54A:3-6 Deduction for qualified conservation contribution
54A:3-6. Deduction for qualified conservation contribution
1. A taxpayer shall be allowed a deduction against gross income for a qualified conservation contribution, as defined under subsection (h) of section 170 of the federal Internal Revenue Code of 1986, 26 U.S.C. s.170, made by the taxpayer of a qualified real property interest in property located in this State. The amount of the deduction in a taxable year shall be equal to the amount of the contribution allowed in the taxable year as a deduction pursuant to section 170 of the federal Internal Revenue Code of 1986 in computing the taxpayer's taxable income for federal income tax purposes.
L.1999,c.372.
Sections: 2-4 3-1 3-1.1 3-2 3-3 3-4 3-5 3-6 3-7 3-8 3a-15 3a-16 3a-17 3a-18 3a-19
Last modified: February 14, 2012
|
