| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 54A, NEW JERSEY GROSS INCOME TAX ACT
Chapter 5: New Jersey gross income defined.
Section: 54A:5-9: S corporation tax exemption.
11. Except as otherwise provided by P.L.2019, c.320 (C.54A:12-1 et al.), an S corporation as such shall not be subject to the tax imposed by the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., but the S corporation income, dividends, and gain of a shareholder of an S corporation shall be subject to the tax, and the tax shall be imposed on the shareholder's pro rata share, whether or not distributed, of the S corporation income for its taxable year ending within or with the shareholder's taxable year.
L.1993, c.173, s.11; amended 2019, c.320, s.9.
This section added to the Rutgers Database: 2020-01-29 09:02:38.
Older versions of 54a:5-9 (if available):
Court decisions that cite this statute:
CLICK HERE.