"Allocated income" means that portion of each class of a taxpayer's income derived from sources within his source state.
N.J. Stat. Ann. § 54:8A-75
Allocated income defined
Known as the Uniform Transitional Utility Assessment Act
The act spans §§ 54:10A-1 to 54:8A-99 (2,083 sections).
L.1971, c. 222, s. 18, approved June 17, 1971
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.