A4629 — Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

A4629 — Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax. · Informed CitizenryThis bill amends the New Jersey gross income tax and corporation business tax statutes to establish a $50,000 income exclusion for 'qualified small businesses' beginning in 2025. A qualified small…Open in Informed Citizenry