New Jersey – Enacted legislation adopts click-through nexus, expands definition of operational income and makes other changes

July 2014

Overview

New Jersey legislation (A.B. 3486, P. L. 2014, c. 13), enacted on June 30, 2014, adopts ‘click through’ nexus sales tax provisions, broadens the definition of operational (apportionable) income, modifies the corporate business tax net operating loss, and requires certain nonresident partners to file a tax return in order to receive credits and refunds related to partnership activities.

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