N.J. Stat. § 54A:5-9
Current through L. 2023, c. 256.
Except as otherwise provided by P.L. 2019, c. 320(C.54A:12-1 et al.), an S corporation as such shall not be subject to the tax imposed by the "New Jersey Gross Income Tax Act,"N.J.S. 54A:1-1 et seq., but the S corporation income, dividends, and gain of a shareholder of an S corporation shall be subject to the tax, and the tax shall be imposed on the shareholder's pro rata share, whether or not distributed, of the S corporation income for its taxable year ending within or with the shareholder's taxable year.
N.J.S. § 54A:5-9