A4296 — Imposes short-term surtax on corporations; decouples certain provisions of gross income tax and corporation business tax from Internal Revenue Code; alters dividends received deduction.

A4296 — Imposes short-term surtax on corporations; decouples certain provisions of gross income tax and corporation business tax from Internal Revenue Code; alters dividends received deduction. · Informed CitizenryThis bill establishes a short-term surtax on the allocated net income of corporations and other entities subject to the New Jersey Corporation Business Tax, excluding public utilities. The surtax i…Open in Informed Citizenry