@bigtaxpayer In researching this, I discovered that Senate Bill S 2265 which would have allowed the deduction of certain capital gains from sale or exchange of New Jersey qualified small business stock held for more than five years, and this passed in the Senate with a 38-1 vote on September 27, 2018. The bill crossed over since the introduction to the Assembly Appropriations Committee but was confirmed dead/failed as of January 8, 2020. The bill never reached the Governor’s desk for a signature or a veto.
I may have mistakenly included this link thinking the bill passed in the Senate but not followed up thoroughly. Once it failed, the State of New Jersey deleted the original link that I received the information from. I apologize for the misinformation.
At present, New Jersey does not conform to the federal Qualified Small Business capital gains tax exemption.
Edited 01/26/22| 02:02 PM PST
@imagingmike
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