A5322: Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.
New Jersey General Assembly, June 30, 2026. 3RDG FINAL PASSAGE, roll call 197: 47 yes, 22 no, 0 abstained, 11 not voting.
Signed into law: P.L.2026, c.21 (June 30, 2026).
Prime sponsors: Anthony S. Verrelli, Katie Brennan, Nicholas P. Scutari.
Bill documents
- Text of P.L.2026, c.21
- Amended bill text (reprint 1) (Assembly Budget Committee, Jun 28, 2026)
- Bill text as introduced
- Committee statement (Assembly Budget Committee, Jun 28, 2026)
- Fiscal note (7/6/26; 1R)
How they voted
Yes (47)
- Abdelaziz, Al
- Bagolie, Rosaura
- Bhalla, Ravi S.
- Brennan, Katie
- Calabrese, Clinton
- Carter, Linda S.
- Collazos-Gill, Alixon
- Coughlin, Craig J.
- Danielsen, Joe
- DeAngelo, Wayne P.
- Donlon, Margie
- Drulis, Mitchelle
- Egan, Kevin P.
- Greenwald, Louis D.
- Haider, Shama A.
- Kane, Melinda
- Karabinchak, Robert J.
- Kearney, Vincent M.
- Kennedy, James J.
- Lopez, Yvonne
- Macurdy, Andrew
- McCoy, Tennille R.
- Moen, William F.
- Morales, Carmen Theresa
- Murphy, Carol A.
- Onyema, Chigozie U.
- Park, Ellen J.
- Peterpaul, Luanne M.
- Pintor Marin, Eliana
- Quijano, Annette
- Reynolds-Jackson, Verlina
- Rodriguez, Ed
- Rodriguez, Gabriel
- Sampson, William B.
- Schaer, Gary S.
- Schnall, Alexander
- Singh, Balvir
- Spearman, William W.
- Stanley, Sterley S.
- Stewart, Kenyatta
- Swain, Lisa
- Tucker, Cleopatra G.
- Tully, Chris
- Venezia, Michael
- Verrelli, Anthony S.
- Wainstein, Larry
- Walker, Jerry
No (22)
- Auth, Robert
- Azzariti Jr., John V.
- Barlas, Al
- Bergen, Brian
- Clifton, Robert D.
- DePhillips, Christopher P.
- DiMaio, John
- Dunn, Aura K.
- Fantasia, Dawn
- Flynn, Victoria A.
- Guardian, Donald A.
- Inganamort, Michael
- Kanitra, Paul
- Kean, Sean T.
- McClellan, Antwan L.
- McGuckin, Gregory P.
- Myhre, Gregory E.
- Peterson, Erik
- Rumpf, Brian E.
- Scharfenberger, Gerry
- Simonsen, Erik K.
- Webber, Jay
Not voting (11)
- Angelozzi, Anthony
- Bailey, David
- Freiman, Roy
- Hutchison, Dan
- Katz, Andrea
- Miller, Cody D.
- Rowan, Maureen
- Sauickie, Alex
- Simmons, Heather
- Speight, Shanique
- Sweeney, Marisa
A5322 on the New Jersey Legislature website
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