Division of TaxationThis page has not been updated to reflect all the legislative changes that have impacted the Corporation Business Tax Act in recent years, including P.L. 2018, c. 48, P.L. 2018, c. 131, P.L. 2020, c. 118, P.L. 2022, c. 133, P.L. 2023, c. 50, and P.L. 2023, c. 96.
For details, see Changes to the Corporation Business Tax Act.
Revision to Division Policy on Combined Groups and PL 86 272
Standardized Return for Certain Filers
Due Date Change for Privilege Periods Ending on and after July 31, 2020
The Corporation Business Tax Act imposes a franchise tax on a domestic corporation for the privilege of existing as a corporation under New Jersey law. In addition, a foreign corporation is also taxed for the privilege of having or exercising its corporate charter or doing business, employing or owning capital or property, maintaining an office, deriving receipts, or engaging in contracts in New Jersey.
The tax applies to all domestic corporations and all foreign corporations having a taxable status (nexus) unless specifically exempt. The tax also applies to joint-stock companies or associations, business trusts, limited partnership associations, financial business corporations, and banking corporations, including national banks, and investment companies.
Applicable Laws and Rules
P.L. 1945 c. 162
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