All Roll Calls
Yes: 72 • No: 37
New JerseyA5322221st Legislature (2026-2027)House
Imposes temporary $1 million cap on use of net operating loss deductions under corporation business tax for certain privilege periods.
Sponsored By: Katie Brennan (Democratic), Nicholas P. Scutari (Democratic), Anthony S. Verrelli (Democratic)
Second Reading
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsors
Katie Brennan
Democratic • House
Nicholas P. Scutari
Democratic • Senate
Anthony S. Verrelli
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
House vote • 6/30/2026
3RDG FINAL PASSAGE
Yes: 72 • No: 37 • Other: 11
Actions Timeline
Governor: APP
6/30/2026GovernorApproved by Governor — P.L.2026, c.21.
6/30/2026GovernorPassed Senate, PBH — (25-15)
6/30/2026SenateSubstituted for S4536 (1R)
6/30/2026SenateReceived in Senate, SWR, 2nd Reading in Senate
6/30/2026SenatePassed Assembly — (47-22-0)
6/30/2026HouseREP/ACA, 2nd Reading in Assembly
6/28/2026HouseIntroduced, 1st Reading in Assembly, Referred to Assembly Budget Committee
6/23/2026House
Bill Text
Version AL2026
8/13/2026
7/6/26; 1R
7/6/2026
Assembly Budget (6/28/26 1R)
6/30/2026
Assembly Budget Substitute (6/28/26)
6/29/2026
As Introduced
6/27/2026
Related Bills
A4687, Concerns local government financing and acquisition of fire fighting apparatus and equipment.**
S4390, "End Data Center Tax Credits Act"; reduces tax credits available for Next New Jersey Program.*
S3379, Requires data center owners and operators to submit semi-annual water and energy usage reports to BPU.
S1281, Prohibits sale, manufacture, and distribution of certain apparel and diaper products containing intentionally added perfluoroalkyl and polyfluoroalkyl substances.*
A4531, Establishes alternative compliance standards for development of electric vehicle supply equipment and Make-Ready parking spaces based on charging capacity.
A3877, Establishes certain State funding preferences for municipalities that enhance opportunities to develop housing.