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New Jersey · 222 session · house

A 5322Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.

Status
Passed chamber
Latest action
2026-06-30 — Passed by the Assembly (47-22-0)
Primary sponsor
Verrelli, Anthony S. (Democratic)
  • Bills and Joint Resolutions Signed by the Governor
Track this billView changes+728 / −680 words · Large

Sponsors

  • Verrelli, Anthony S. (Democratic) · primaryprimary
  • BKBrennan, Katie (Democratic) · primaryprimary
  • SPScutari, Nicholas P. · primaryprimary

Versions

  1. IntroducedJun 23, 2026
  2. Statement—
  3. Reprint—
  4. Fiscal Note—

Legislative history

  1. Jun 30, 2026
    Substituted for S4536 (1R)
  2. Jun 30, 2026
    Passed by the Assembly (47-22-0)
  3. Jun 30, 2026
    Passed Senate (Passed Both Houses) (25-15)
  4. Jun 30, 2026
    Approved P.L.2026, c.21.
  5. Jun 30, 2026
    Received in the Senate without Reference, 2nd Reading
  6. Jun 28, 2026
    Reported out of Assembly Comm. with Amendments, 2nd Reading
  7. Jun 23, 2026
    Introduced, Referred to Assembly Budget Committee

Official sources

  • Version 0PDFHTML
  • Version 1PDFHTML
  • Version 2PDFHTML
  • Version 3PDFHTML

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