New Jersey S2734 provides a gross income tax exclusion for capital gains from the sale of certain employer securities by qualified businesses that.

New Jersey S2734 provides a gross income tax exclusion for capital gains from the sale of certain employer securities by qualified businesses that result in a net positive benefit to the state. This applies to non-publically traded businesses with fewer than 500 employees, whose headquarters or base of operations is in the state, selling to an employee stock ownership plan, a New Jersey S corporation owned by an employee stock ownership plan, or an eligible worker-owned cooperative.

New Jersey S2734 provides a gross income tax exclusion for capital gains from the sale of certain employer securities by qualified businesses that.

New Jersey S2734 provides a gross income tax exclusion for capital gains from the sale of certain employer securities by qualified businesses that result in a net positive benefit to the state. This applies to non-publically traded businesses with fewer than 500 employees, whose headquarters or base of operations is in the state, selling to an employee stock ownership plan, a New Jersey S corporation owned by an employee stock ownership plan, or an eligible worker-owned cooperative.