A1274 — Allows exclusion of certain small business income from taxation under gross income tax and corporation business tax.

A1274 — 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 create a 'qualified small business' status. It allows these entities to exclude up to $50,000 of income fro…Open in Informed Citizenry