The New Jersey Division of Taxation has announced information about the registration of combined group managerial members. A “combined group” is a group of companies that have common ownership and are engaged in a unitary business, with at least one being subject to NJ corporation business tax. A member is now able to register the group for combined business-tax-reporting purposes. Registration is required to implement the law requiring these companies to calculate their corporation business tax on a combined basis for tax years ending on or after 7/31/19.
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