N.J. Admin. Code § 18:7-5.23
Except as otherwise provided either in this chapter or for specific purposes in certain sections of the Corporation Business Tax Act, the Federal stock ownership attribution rules apply for New Jersey corporation business tax purposes, except as set forth in this section. However, if a provision of the Internal Revenue Code regarding stock ownership attribution rules or subsequent amendments to any provision of the Internal Revenue Code result in less favorable treatment of a non-U.S. business entity than a U.S. domestic business entity, such provision shall not apply, and the same rules that otherwise would apply to a U.S. domestic business entity shall apply to that non-U.S. business entity for New Jersey corporation business tax purposes. For more information on combined groups and combined reporting, see N.J.A.C. 18:7-21.
N.J. Admin. Code § 18:7-5.23