Reported 1 day ago
New Jersey's corporate tax system imposes a graduated corporation business tax (CBT) based on a corporation's entire net income, with rates ranging from 6.5% to 9% and an additional corporate transit fee for businesses with taxable net income exceeding $10 million, raising the effective rate to 11.5%. Corporations are also subject to a minimum tax based on gross receipts. Recent changes have complicated the tax landscape, making advisory services beneficial for navigating compliance and tax-saving strategies.
Source: YAHOO