S2795 — Decouples certain provisions of corporation business tax from Internal Revenue Code; alters dividends received deduction; revises tax base of surtax on corporation business income; repeals tax on certain dividends.

S2795 — Decouples certain provisions of corporation business tax from Internal Revenue Code; alters dividends received deduction; revises tax base of surtax on corporation business income; repeals tax on certain dividends. · Informed CitizenryThis bill amends the New Jersey corporation business tax by decoupling certain provisions from the Internal Revenue Code. Key changes include: 1. Adjusting the dividends received deduction: It re…Open in Informed Citizenry