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New Jersey General AssemblyA 5322

Corporation business tax-impose temp $1M cap, operating loss deduct, cert period

Passed 47–22Party-line

What it does: Caps net operating loss deductions under the corporation business tax at $1 million for periods ending from July 31, 2026 to before July 31, 2030, excluding public utilities; unused amounts carry forward. (AI-written summary of the bill; the official record shows the exact version voted)

Question before the chamber: 3RDG FINAL PASSAGE

Read the official record ↗

The tally

Yes 47 · No 22 · Not voting 11

Bar: green = yes, brown = no, striped = not voting.

Votes by party
PartyYesNoNot voting
Democrats47010
Republicans0221

Most Democrats voted yes; most Republicans voted no.

The full roll (80)

“Not voting” is a recorded non-vote, not a reason for the absence. Parties come from public rosters; how we count.