A2993 — Allows New Jersey S corporations to elect to transfer corporation business tax credits to shareholders to apply against the shareholders' gross income tax liability.

A2993 — Allows New Jersey S corporations to elect to transfer corporation business tax credits to shareholders to apply against the shareholders' gross income tax liability. · Informed CitizenryThis bill allows New Jersey S corporations to elect to transfer specific corporation business tax credits to their shareholders. Once elected, these credits cannot be rescinded and are transferred…Open in Informed Citizenry