NJ A504 | 2020-2021 | Regular Session
Note: Carry Foward to future A2897
Note: Carry Over of previous A2207
Note: Carry Over of previous A2207
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 14 2020 - 25% progression, died in committee
Action: 2020-01-14 - Introduced, Referred to Assembly Appropriations Committee
Pending: Assembly Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 14 2020 - 25% progression, died in committee
Action: 2020-01-14 - Introduced, Referred to Assembly Appropriations Committee
Pending: Assembly Appropriations Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under the New Jersey gross income tax; repeals alternate business income calculation.
Title
Consolidates all categories of gross income for cross-claiming of net losses and allows 20 year loss carryforward under the New Jersey gross income tax; repeals alternate business income calculation.
Sponsors
| Rep. Jay Webber [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-01-14 | Assembly | Introduced, Referred to Assembly Appropriations Committee |
Same As/Similar To
A504 (Carry Over) 2020-01-14 - Introduced, Referred to Assembly Appropriations Committee
A2207 (Carry Over) 2018-02-01 - Introduced, Referred to Assembly Appropriations Committee
A2207 (Carry Over) 2018-02-01 - Introduced, Referred to Assembly Appropriations Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2020/A504 |
| Text | https://pub.njleg.gov/Bills/2020/A1000/504_I1.HTM |
