Bill
Bill > A2899
NJ A2899
NJ A2899Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000.
summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000.
AI Summary
This bill eliminates the $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000. Prior to this change, New Jersey S corporations with less than $100,000 in New Jersey gross receipts were subject to a $375 minimum tax, but this bill removes that minimum tax requirement for those smaller S corporations.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 02/28/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2899 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3000/2899_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3000/2899_I1.PDF |
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