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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Anthony Verrelli | Primary sponsor | Democratic | House | 15 |
| Brennan, Katie | Primary sponsor | Not applicable (committee) | — | — |
| Nick Scutari | Primary sponsor | Democratic | Senate | 22 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Approved P.L.2026, c.21.
- Passed Senate (Passed Both Houses) (25-15)
- Substituted for S4536 (1R)
- Received in the Senate without Reference, 2nd Reading
- Passed by the Assembly (47-22-0)
- Reported out of Assembly Comm. with Amendments, 2nd Reading
- Introduced, Referred to Assembly Budget Committee