A1065 — Allows New Jersey S corporations to elect to transfer corporation business tax credits to shareholders to apply against the shareholders' gross income tax liability.

A1065 — 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 allows specific types of corporations in New Jersey, known as S corporations, to transfer certain business tax credits directly to their owners, or shareholders. Historically, thes…Open in Informed Citizenry