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NJ Governor Christie signs legislation phasing in single sales fraction and establishing revenue miles fraction for airlines

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 29 2011

Yesterday, New Jersey Gov. Chris Christie signed into law apportionment legislation, P.L. 2011, c.59, that phases in a single sales factor for the corporation business tax beginning next year

New Jersey to move to single sales fraction; airlines to get revenue miles fraction

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 7 2011

On Jan 6, 2011, the New Jersey legislature passed a tax bill (A-1676S-1646) that phases in a single sales factor apportionment formula for the corporation business tax, beginning this year