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New Jersey Amends Gross Income Tax With Tiered Business Deductions

The New Jersey Governor signed a law that amends the state’s Gross Income Tax law, to modify the alternative business calculation adjustment provisions. The law includes replacing the existing flat …

The New Jersey Governor signed a law that amends the state’s Gross Income Tax law, to modify the alternative business calculation adjustment provisions. The law includes replacing the existing flat 50 percent business increment deduction with a tiere… [423 chars]

Source: Bloomberg Tax News | Published: 2026-07-09T21:41:06Z

Credit: Bloomberg Tax News

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