Requires combined groups to be determined on world-wide basis under corporation business tax.

Summary

The bill changes New Jersey’s corporate business tax so that a combined group’s income is measured on a global basis, covering both U.S. and foreign members. It sets rules for how foreign subsidiaries must report income, limits treaty‑based exclusions, and adjusts treatment of dividends and intercompany sales. The change impacts any corporation that files a combined return in the state.

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