For purposes of the New Jersey Corporation Business Tax Act, the starting point for taxable income is entire net income before net operating losses and special deductions, with specific statutory adjustments for additions and deductions. (See N.J.S.A. 54:10A-4; N.J.A.C. 18:7-3.12.) Under the One Big Beautiful Bill Act, the federal changes to charitable contribution deductions affect the total deductions that are above the entire net income before net operating losses and special deductions.

Accordingly, New Jersey conforms to the federal changes for charitable contribution deduction to the extent they are consistent with the New Jersey Corporation Business Tax Act. For the purposes of the New Jersey Gross Income Tax Act, there is no provision similar to the Federal Internal Revenue Code allowing charitable deductions. Therefore, there are no changes for Gross Income Tax purposes.