N.J. Stat. § 54:10A-5.22a
Regulatory requirements, granting retroactive election, authorization
New Jersey · New Jersey Statutes Title 54 — Taxation · Status: effective
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- N.J. Stat. § 54:10A-5.22a, Regulatory requirements, granting retroactive election, authorization, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1483031
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Full text
24. The Directors of the Divisions of Revenue and Enterprise Services and Taxation, when determining whether to grant retroactive election of S corporation status, shall liberally construe regulatory requirements in favor of the corporation and shall have the discretion to authorize retroactive S corporation status in circumstances in which a taxpayer may not be capable of meeting all regulatory requirements for such retroactive election through no fault of the taxpayer.