A1032 — Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000.

A1032 — Eliminates $375 minimum Corporation Business Tax on New Jersey S corporations with New Jersey gross receipts of less than $100,000. · Informed CitizenryAssembly Bill A1032 modifies the Corporation Business Tax for S corporations operating in New Jersey. Specifically, it eliminates the $375 minimum tax requirement for S corporations that have gross…Open in Informed Citizenry