Legislation has been introduced in the New Jersey Senate which, if enacted, would require members of unitary business groups to file combined reports of New Jersey corporation business tax. The managerial member of a combined group would be able to elect to have the combined group determined on a “water’s edge” basis.
Subscribers can view the text of the introduced bill on the legislator’s website at http://www.njleg.state.nj.us/2016/Bills/S1000/982_I1.PDF.
(S.B. 982), as introduced (identical bill number A.B. 3632)