New Jersey Statutes
N.J. Stat. § 54A:6-14 (2026)
Interest on certain obligations
✓ current as of May 2026
Gross income shall not include interest on obligations (1) issued by or on behalf of this State or any county, municipality, school or other district, agency, authority, commission, instrumentality, public corporation (including one created or existing pursuant to agreement or compact with this or any other state), body corporate and politic or political subdivision of this State, or (2) those obligations which are statutorily free from State or local taxation under any other act of this State or under the laws of the United States.
Notes of Decisions
Cited in 2
cases, 2001–2008 · leading case: Dep't of Revenue of Kentucky v. Davis, 553 U.S. 328 (2008).
Dep't of Revenue of Kentucky v. Davis, 553 U.S. 328 (2008). “2007); N.J. Stat. Ann. § 54A:6-14 (West 2002); N.”
McCauley v. State, 19 N.J. Tax 581 (N.J. Tax Ct. 2001). “That exclusion provides: The term “net gains or income” shall not include gains or income derived from obligations which are referred to in clause (1) or (2) of section 54A:6-14 of this act. N.J.S.A. 54A:6-14, in turn, provides: Gross income shall not include interest on…”
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