Bill
A 5323
Modifies eligibility for alternative business calculation adjustment allowed under gross income tax.
2026-2027 Regular Session
Introduced by Gabe Rodriguez and 1 co-sponsor
New Jersey caps the ABC tax deduction by income: up to 50% for GI ≤ $500k, 25% for GI > $500k–$1M, and 0% for GI over $1M, starting 2026.
Approved P.L.2026, c.22.