{"data":{"id":"us-nj/n.j.-stat.-54-10a-5.22a","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:10A-5.22a","heading":"Regulatory requirements, granting retroactive election, authorization.","body":"24.\tThe 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.\nL.2022, c.133, s.24.","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":"564847f8c248f7b934ac595995153601440224cdb39ae5b02e1c12da7ffc19c7","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-10a-5.22","next":"us-nj/n.j.-stat.-54-10a-5.23"},"notice":"GroundRules: Original legal text. Not legal advice."}