54A:3-6. Deduction for qualified conservation contribution
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/nj/title-54a/chapter-3/54a-3-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.