Form 311 - Neighborhood Revitalization State Tax Credit - New Jersey Corporation Business Tax - 2012

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311
NEW JERSEY CORPORATION BUSINESS TAX
FORM
(09-12, R-4)
NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
2012
FOR RETURN PERIODS ENDING ON AND AFTER JULY 31, 2012
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART I
QUALIFICATIONS
1. Has the taxpayer received and attached a copy of the tax credit certificate issued by the commissioner
of the Department of Community Affairs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
2. Did the taxpayer provide the assistance within the same year in which the commissioner issued the
certificate?
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
If the answer to either question 1 or 2 is “NO”, do not complete the rest of this form. The taxpayer is not eligible for this tax credit. Otherwise,
go to Part II.
PART II
CALCULATION OF THE NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
3. Enter the amount of assistance approved by the Department of Community Affairs . . . . . . . . . . . . . . . . .
3.
4. Total tax credit available - enter the lesser of line 3 or $1,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
PART III
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
5. Enter tax liability from page 1, line 9 of CBT-100 or BFC-1, or line 4 of the CBT-100S . . . . . . . . . . . . . . .
5.
6. Enter the required minimum tax liability as indicated in instruction (b) for Part III . . . . . . . . . . . . . . . . . . . .
6.
7. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8. Enter 50% (.50) of the amount on line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Enter the lesser of line 7 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10. Tax Credits taken on current year’s return:
a) Urban Transit Hub Tax Credit . . . . . . . . . . . . . . . . . . . .__________________________
b) Grow New Jersey Tax Credit . . . . . . . . . . . . . . . . . . . .__________________________
c) HMO Assistance Fund Tax Credit . . . . . . . . . . . . . . . .__________________________
d) New Jobs Investment Tax Credit . . . . . . . . . . . . . . . . .__________________________
e) Urban Enterprise Zone Tax Credit . . . . . . . . . . . . . . . .__________________________
f) Redevelopment Authority Project Tax Credit . . . . . . . .__________________________
g) Recycling Equipment Tax Credit . . . . . . . . . . . . . . . . . .__________________________
h) Manufacturing Equipment and Employment
Investment Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . .__________________________
i) Research and Development Tax Credit . . . . . . . . . . . .__________________________
j) Small New Jersey-Based High-Technology
Business Investment Tax Credit . . . . . . . . . . . . . . . . . .__________________________
Total . . .
10.
11. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
12. Allowable credit for the current tax period. Enter the lesser of line 4 or line 11 here and on
Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12.
NOTE: There are no carryover provisions for this tax credit

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