A1720 — Updates corporation business tax reporting, reduces tax sheltering, and improves tax enforcement by requiring related corporations to file combined tax return using "water's edge" approach.

A1720 — Updates corporation business tax reporting, reduces tax sheltering, and improves tax enforcement by requiring related corporations to file combined tax return using "water's edge" approach. · Informed CitizenryThis bill amends the New Jersey corporation business tax code to require corporations to file combined tax returns using a "water's edge" approach. Under this proposal, corporations that are part o…Open in Informed Citizenry