New Jersey legislation · 2026-2027 Regular Session
New Jersey S4822: Corporation bussiness tax benefit certificate-modifies cert req of transfer prog
Status: In committee, October 15, 2026
Modifies certain requirements of corporation business tax benefit certificate transfer program.
What the bill says
An Act concerning the corporation business tax benefit certificate transfer program, and amending P.L.1997, c.334 and P.L.1999, c.140.
From the introduced text, October 15, 2026:
An Act concerning the corporation business tax benefit certificate transfer program, and amending P.L.1997, c.334 and P.L.1999, c.140. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 1 of P.L.1997, c.334 (C.34:1B-7.42a) is amended to read as follows: 1. a. The New Jersey Economic Development Authority shall establish within the New Jersey Emerging Technology and Biotechnology Financial Assistance Program established pursuant to P.L.1995, c.137 (C.34:1B-7.37 et seq.), a corporation business tax benefit certificate transfer program to allow new or expanding emerging technology and biotechnology companies in this State with unused amounts of research and development tax credits otherwise allowable which cannot be applied for the credit's tax year due to the limitations of subsection b. of section 1 of P.L.1993, c.175 (C.54:10A-5.24) and unused prior net operating loss conversion carryover or net operating loss carryover pursuant to section 4 of P.L.1945, c.162 (C.54:10A-4), to surrender those tax benefits for use by other corporation business taxpayers in this State, provided that the taxpayer receiving the surrendered tax benefits is not affiliated with a corporation that is surrendering its tax benefits under the program established under P.L.1997, c.334. For the purposes of this section, the test of affiliation is whether the same entity directly or indirectly owns or controls five percent or more of …
Sponsors
- Andrew Zwicker (D, 16) · primary sponsor
Latest actions
- : INT 1RS REF SEG
Subjects: TAXATION - BUSINESS TAXES
Common questions
- What is S4822?
- S4822 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Corporation bussiness tax benefit certificate-modifies cert req of transfer prog.
- What does S4822 do?
- In its own words: An Act concerning the corporation business tax benefit certificate transfer program, and amending P.L.1997, c.334 and P.L.1999, c.140.
- What is the status of S4822?
- In committee as of October 15, 2026. Latest action: INT 1RS REF SEG (October 15, 2026).
- Who sponsored S4822?
- Andrew Zwicker (D, 16).
- Where is the official record for S4822?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4822
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.