A2207 — Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under the New Jersey gross income tax; repeals alternate business income calculation.

A2207 — Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under the New Jersey gross income tax; repeals alternate business income calculation. · Informed CitizenryThis bill amends the New Jersey gross income tax to consolidate all categories of gross income, allowing taxpayers to offset gains from one category of income with losses from another category with…Open in Informed Citizenry