Eliminates minimum corporation business tax on New Jersey S corporations.
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill eliminates the minimum corporation business tax for New Jersey S corporations. Currently, these corporations were subject to a minimum tax based on their gross receipts. This legislation amends the state’s franchise tax law to remove this minimum tax requirement, simplifying the tax obligations for S corporations operating in New Jersey. The change takes effect immediately.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours