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NJ tax rebate program expanded for 2023 taxes — how to apply

Applications are now being mailed out to give residents a chance to cash in on a New Jersey tax rebate program. ....

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24 early-stage NJ companies to receive $75M from NOL Program

NJEDA said 24 early-stage technology and biotech companies were approved to participate in this year’s Net Operating Loss (NOL) Program. ....

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NJEDA opens 2022 Net Operating Loss Program application

The New Jersey Economic Development Authority has opened applications for the 2022 Technology Business Tax Certificate Transfer Program, commonly known as the Net Operating Loss Program. ....

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NJEDA accepting applications for 2021 Net Operating Loss Program

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49 Companies Approved to Sell $54.5M in Net Operating Losses, Tax Credits for Cash

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49 Companies Approved to Sell $54.5M in Net Operating Losses, Tax Credits for Cash
On Mar 12, 2021
The New Jersey Economic Development Authority (NJEDA) sent final approval letters last week to the 49 technology and life sciences companies that are participating in the 2020 Net Operating Loss (NOL) Program.
Hailed as a lifeline for New Jersey companies that have yet to reach profitability, the NOL Program enables participants to sell their New Jersey net operating losses and unused research and development (R&D) tax credits to unrelated profitable corporations for cash. The cash can then be used for working capital or to fund research. The NJEDA and the New Jersey Department of Treasury’s Division of Taxation jointly administer the program. ....

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