A5062 — Reduces rate on certain foreign-derived income and combined group minimum tax, broadens ability of combined group members to share net operating losses, and changes treatment of foreign income subject to federal treaty, under CBT.

A5062 — Reduces rate on certain foreign-derived income and combined group minimum tax, broadens ability of combined group members to share net operating losses, and changes treatment of foreign income subject to federal treaty, under CBT. · Informed CitizenryThis bill amends the New Jersey corporation business tax to modify the treatment of foreign-derived income and the combined group minimum tax. It reduces the minimum tax for members of a combined g…Open in Informed Citizenry