N.J. Admin. Code § 18:7-17.1 - Definitions

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

"Nonresident corporate partner" means a partner that is not an individual, estate, or trust subject to taxation pursuant to the New Jersey Gross Income Tax Act, N.J.S.A. 54A:1-1 et seq. Nonresident corporate partners include:

1. Entities that are classified as partnerships for Federal income tax purposes;

2. Entities that are classified as corporations for Federal income tax purposes that:

i. Are not corporations exempt from tax pursuant to N.J.S.A. 54:10A-3; or

ii. Do not maintain a regular place of business, as defined in N.J.A.C. 18:7-7.2, in New Jersey.

"Nonresident noncorporate partner" means an individual, an estate, or a trust subject to taxation pursuant to the New Jersey Gross Income Tax Act, N.J.S.A. 54A:1-1 et seq., that is not a resident taxpayer or a resident estate or trust under that Act.

"Partner" means an owner of an interest in the partnership, in whatever manner that owner and ownership interest are designated.

Notes

N.J. Admin. Code § 18:7-17.1

Amended by 49 N.J.R. 1694(a), effective 6/19/2017