The New Jersey legislature approved changes to the state’s business laws in the latest legislative session, including temporary increases to the corporation business tax rate; mandatory combined reporting; sourcing of services based on where the benefit of the services is received; and a deduction based on an increase in the deferred tax liability resulting from unitary reporting, among other changes.

Changes to Chapter 48 impose a temporary tax on corporation business taxpayers at a rate of 2.5 percent for 2018-2019 and 1.5 percent for 2020-2021. The tax is set to expire in early 2022. Additional measures provide a response to federal tax law changes enacted in December 2017, including provisions relating to the dividends-received deduction, revised “treaty exception” to addback rules, interest deduction limitation, and IRC section 199A deduction.

The 2018 edition of CSC’s New Jersey Laws Governing Business Entities, Annotated captures these and other legislative updates. Changes to the law can be quickly identified in the book’s Table of Sections Affected.

The 2018 Edition also features 30 new cases notes interpreting the law, as well as three recent full-text discussing the latest legal developments regarding corporate records and corporate taxation. New this year is a useful fee table for business entity filings.

The companion CD-ROM provides more than 70 New Jersey forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all entity types. A listing of forms and contact information for New Jersey’s Division of Revenue, Business Services, can be found in the book’s appendix.

New Jersey Laws Governing Business Entities is available as a softbound book or as an ebook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.

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To learn more about the 2018 Edition of New Jersey Laws Governing Business Entities, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.

Changes to New Jersey’s business tax law for 2018