NJ Bill Demands More Transparency From Public Cos.

Law360, New York (January 15, 2013, 5:34 PM EST) -- Public corporations that are taxpayers in New Jersey would have to meet new disclosure requirements covering tax breaks and other financial information under transparency legislation introduced Monday in the state Assembly.

Sponsored by Assemblyman Troy Singleton, D-Burlington, A. 3678 would require publicly traded corporations and corporations where at least half the voting stock is owned by a publicly traded corporation to annually file a statement with the state Division of Taxation disclosing information including their entire net income and tax credits they have claimed. Those statements...
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