Eliminates requirement that taxpayer that qualifies as S corporation for federal tax purposes affirmatively elect New Jersey S corporation status for purposes of corporation business and gross income taxes.

Where it goes next

While a bill can still move, the questions are about people and money in New Jersey.

• Who sits in the seats that vote on itA roster is not a certified tally, and a filing is not a place on the ballot.
• Who funds the people decidingA receipt is not backing. A contribution does not establish a policy motive.
• Who is paid to be heardNaming an institution is the filer's account, not a record of any meeting.