{"data":{"id":"us-nj/n.j.-stat.-54-10a-4.9","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:10A-4.9","heading":"Use of alternative minimum assessment credit.","body":"21.\tA combined group filing a combined return that has any outstanding alternative minimum assessment credit or credits at the time of the effective date of the repeal of section 7 of P.L.2002, c.40 (C.54:10A-5a) shall be allowed to use the credit to offset the combined group's tax liability under paragraph (1) of subsection c. of section 5 of P.L.1945, c.165 (C.54:10A-5) for the group privilege period.  The remaining balance of the credit carryovers of members of the combined group from prior to the effective date of the repeal of section 7 of P.L.2002, c.40 (C.54:10A-5a) shall not reduce the combined tax liability below 50% of the tax owed by the group.  The remaining balance of the credit may be carried over until used by the combined group.\nL.2018, c.48, s.21; amended 2020, c.118, s.7.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"b3d7f22bd660a1ddbe701b47a196b73ec390eddc097e3927eb7ab4e46881f86e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-10a-4.8","next":"us-nj/n.j.-stat.-54-10a-4.10"},"notice":"GroundRules: Original legal text. Not legal advice."}