A2993 — Allows New Jersey S corporations to elect to transfer corporation business tax credits to shareholders to apply against the shareholders' gross income tax liability.

A2993 — Allows New Jersey S corporations to elect to transfer corporation business tax credits to shareholders to apply against the shareholders' gross income tax liability. · Informed CitizenryThis legislation provides an important change for S corporations operating in New Jersey by allowing them to pass through certain business tax credits directly to their owners (shareholders). Under…Open in Informed Citizenry