N.J.A.C. 18:7-1.19 - Definition of New Jersey S Corporation

"New Jersey S corporation" means a corporation that is an S corporation that has made a valid election to be an S corporation for Federal tax purposes for the taxable year and that has not made a valid election pursuant to N.J.S.A. 54:10A-5.22(d) or 54:10A-4(ff).