A3191 — Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under New Jersey gross income tax; repeals alternate business income calculation.

A3191 — Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under New Jersey gross income tax; repeals alternate business income calculation. · Informed CitizenryAssembly Bill A3191 significantly changes how the state calculates taxable income on personal returns, particularly affecting taxpayers with various sources of investment or business income. The co…Open in Informed Citizenry