Have questions about COVID-19?
The NJ Poison Control Center and 211 have partnered with the State to provide information to the public on COVID-19:
Call: 2-1-1 for general information (24/7) or 1-800-962-1253 for medical information (24/7)
Text: NJCOVID to 898-211
Visit covid19.nj.gov or nj.gov/health for additional information
P.L. 2011, c. 84 signed on June 30, 2011, applicable to privilege periods beginning in calendar year 2012 reduces the minimum tax for New Jersey S corporations by 25%. The minimum tax is based on New Jersey gross receipts as defined in N.J.S.A. 54:10A-5a. For privilege periods beginning in calendar year 2012, the minimum tax for New Jersey S corporations is as follows:
|New Jersey Gross Receipts||Minimum Tax|
|Less than $100,000||$375|
|$100,000 or more but less than $250,000||$562.50|
|$250,000 or more but less than $500,000||$750|
|$500,000 or more but less than $1,000,000||$1,125|
|$1,000,000 or more||$1,500|
Note: In order to be treated as a New Jersey S corporation, a corporation must elect and receive approval for New Jersey S corporation status by filing a completed Form CBT-2553, pursuant to N.J.S.A. 54:10A-5.22.