The Official Web Site For The State of New Jersey - Department of Treasury
Global Navigation
FAQs Departments/ Agencies Services A to Z NJ Home Page

Hedge Fund Legislation

Nonresident taxpayers will not be deemed to be carrying on a trade or business in New Jersey for Gross Income Tax purposes if their only activity is the buying and selling of intangible personal property and;

  1. Such intangible personal property is for the account of the trade or business only, and
  2. The trade or business does not hold the intangible personal for sale to customers.
This amendment places New Jersey on equal footing with many of its neighboring states that already have similar provisions in their state income tax codes.

This amendment was signed into law on September 14, 1998 and is effective for tax years ending after enactment.

Last Updated: Wednesday, 08/20/14

Taxation: Home | Legislature | Judiciary | Revenue | IRS
Treasury: Home | ServicesPeopleBusinesses | Divisions/AgenciesForms
NJ Home | Services A to Z | Departments/Agencies | FAQs
Copyright © State of New Jersey, 1996-
This site is maintained by the Division of Revenue and Enterprise Services.

Reports Accessibility Statement Legal Statement Privacy Notice Contact Us Open Public Records Act Proposed Rules and Amendments Comment or Petition for new Rule Division/Ageny Statutes and Rules Electronic Notification