{"data":{"id":"us-nj/n.j.-stat.-54-29a-13","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:29A-13","heading":"Franchise excise","body":"An annual franchise tax is hereby levied upon all railroads operating within  this State, which shall be assessed at the rate of 10% upon the net railway  operating income of the preceding year, computed and allocated in the manner  hereinafter provided, of each system and of each railroad not part of a system,  provided, however, that the minimum franchise tax payable by any taxpayer shall  be $100 as to taxpayers having total railway operating revenues of the  preceding year allocated under section 14 not in excess of $1 million and  $4,000 as to all other taxpayers.\nL.1941, c. 291, p. 777, s. 13.  Amended by L.1948, c. 40, p. 116, s. 5; L.1964, c. 251, s. 5, eff. Jan. 1, 1966.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"a64c62b634850e64d004ad0d714fd46bf7afd71211de1dfb46b9e1045be9e5b9","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-29a-12","next":"us-nj/n.j.-stat.-54-29a-14"},"notice":"GroundRules: Original legal text. Not legal advice."}