New Jersey Tax Division Revises Bulletin on Corporation R&D Tax Credit

The New Jersey Division of Taxation published a revised technical bulletin explaining the state’s research and development tax credit for corporation business tax and gross income tax taxpayers. The bulletin outlines the credit calculation methods, limitations, carryover provisions, and the deductibility of qualified research expenses, with specific guidance for various entity types. [N.J. Div. of Tax’n, Technical Bull. TB-114, 11/25/25]

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