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Plastic Bag Ban Now in Effect: Learn how the law may impact your business.
Governor Phil Murphy • Lt. Governor Tahesha Way
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Recent Regulations and Resources

Learn about new rules, resources, and upcoming changes that may effect your business

Turn Net Operating Losses Into Capital

May 9, 2024

Technology or biotechnology companies with fewer than 225 U.S. employees may apply to sell a percentage of their net operating losses and unused research and development tax credits to unrelated, profitable corporations for cash through the Net Operating Loss (NOL) Program. The net operating losses and R&D tax credits may be sold for at least 80% of their value, up to a maximum lifetime benefit of $20 million per business.

The 2024 submission deadline is 11:59 p.m. on June 30, 2024.

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