{"data":{"id":"us-nj/n.j.-stat.-54a-5-9","jurisdiction":"us-nj","citation":"N.J. Stat. § 54A:5-9","heading":"S corporation tax exemption.","body":"11. 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.\nL.1993, c.173, s.11; amended 2019, c.320, s.9.","path":["TITLE 54A NEW JERSEY GROSS INCOME TAX ACT"],"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":"f6d26b7466ea3b6a4b3b47c530694c17c4ad919f80d3fbe70342b4352731eadc","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54a-5-8","next":"us-nj/n.j.-stat.-54a-5-10"},"notice":"GroundRules: Original legal text. Not legal advice."}