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Introductions and Overview
Getting the legislation enacted Applying the new rules Taxpayer traps / opportunities
www.reedsmith.com/njtax
NOLs, Throwout, and Right to Apportion February 3, 2009 Jim - - PowerPoint PPT Presentation
NOLs, Throwout, and Right to Apportion February 3, 2009 Jim - - PowerPoint PPT Presentation
Reed Smith Teleseminar Series New Jersey Corporate Tax Legislative Update: NOLs, Throwout, and Right to Apportion February 3, 2009 Jim Leonard Lee Evans Chief Mary Ellen Peppard NJ Division of Taxation NJ Chamber of Commerce David
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Getting the Legislation Enacted
Background―legislative process Lobbying efforts―several years in the making
Current climate in Trenton Other Chamber initiatives Predictions for next budget cycle
www.reedsmith.com/njtax
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NJ Chamber of Commerce Contact Information
New Jersey Chamber of Commerce 216 West State Street Trenton, NJ 08608 Jim Leonard 609.989.7888, Ext. 118 jim.leonard@njchamber.com Mary Ellen Peppard 609.989.7888, Ext. 125 maryellen.peppard@njchamber.com
www.reedsmith.com/njtax
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Applying the New Legislation
Application of the new legislation
Throwout repeal Regular place of business repeal NOL extension
Other initiatives
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Taxpayer Traps and Opportunities
Throwout
Refund and Section 8 claims Closing agreements for IHCs
Impact of throwout repeal on AMA NOLS
NOL suspension—four more years Dividends from non-unitary subsidiaries
www.reedsmith.com/njtax
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