NET OPERATING LOSS (NOL) PROGRAM ERA-UPDATE
The expanded Net Operating Loss (NOL) Program enables tech and life sciences companies to sell their New Jersey net operating losses and/or research and development (R&D) tax credits for cash. Buyers can purchase tax credits at a discount and apply them to reduce taxable income.
Click here to learn more about the 2021 program application.
ELIGIBILITY
In order to participate in the NOL Program, a company must:
- Have protected and proprietary intellectual property (PPIP that is exclusive to the applicant company).
- Employ up to 225 full-time employees that live and work in the United States and who receive health care coverage. At least a portion of these employees must live and work in New Jersey.
- Have net operating loss carryover and/or R&D tax credits in New Jersey.
- Have NO positive net operating income for the last two years.
- File Corporate Business Tax returns in New Jersey.