New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 3 - COMPUTATION OF TAX
Section 18:7-3.8 - Investment company; tax self-assessed and payable

(a) The tax payable by an investment company entitled and electing to report as such is a tax measured by 40 percent of its entire net income at the rate provided by law.

(b) In no case shall the total tax be less than $ 250.00 provided that for privilege periods beginning on and after January 1, 2002, the tax shall not be less than $ 500.00, except that for a taxpayer that is a member of an affiliated group or a controlled group pursuant to I.R.C. § 1504 or 1563 and whose group has total payroll of $ 5,000,000 or more for the privilege period, the minimum tax shall be $ 2,000 for the privilege period.