Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods
Introduced
Moved
Reached a final decision
Became law
Derived from the official record below.
Officially: “Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.” Read the full text
Official title shown verbatim from the official record. Plain-language summary coming as coverage deepens. Not legal advice.
2026-2027 session
Where it is
INT 1RA REF ABU · Jun 23, 2026
REP/ACA 2RA · Jun 28, 2026
PA · Jun 30, 2026
R/S SWR 2RS · Jun 30, 2026
SUB FOR · Jun 30, 2026
PS PBH · Jun 30, 2026
APP · Jun 30, 2026
The numbers
3
sponsors on the bill
Sponsors
Verrelli, Anthony S.Brennan, KatieScutari, Nicholas P.
Recorded votes
3RDG FINAL PASSAGESenate · 2026-06-30 · N 15, Y 25
3RDG FINAL PASSAGEGeneral Assembly · 2026-06-30 · Y 47, N 22
r/AcaGeneral Assembly · 2026-06-28 · Yes 11, No 4
Roll-call results shown verbatim from the New Jersey legislature’s records. A result reflects that roll call’s own motion, not the bill’s overall outcome.
Every fact on this page links to its source, starting with the official bill record. Last action: APP (Jun 30, 2026).