New Jersey · 2026-2027 Regular Session · Bill

A 5322: Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.

Enacted Last action June 30, 2026: Approved P.L.2026, c.21.

Plain-language summary

A 5322 is a bill introduced in the New Jersey House on June 23, 2026. According to its official title, it concerns: Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods. Primary sponsor: Anthony Verrelli (Democratic), Brennan, Katie, Nick Scutari (Democratic). Most recent recorded action (June 30, 2026): Approved P.L.2026, c.21.

Sponsors

Primary sponsors: Anthony Verrelli (Democratic); Brennan, Katie; Nick Scutari (Democratic).