Form 501 - Domestic Production Activities Deduction

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501
NEW JERSEY CORPORATION BUSINESS TAX
FORM
(11-10, R-3)
DOMESTIC PRODUCTION ACTIVITIES DEDUCTION
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THE FORM
(A)
(B)
(C)
Federal Amount
Disallowed Activities
New Jersey Amount
1. Domestic production gross receipts . . . . . . . . . . . . . . .
2. Allocable cost of goods sold . . . . . . . . . . . . . . . . . . . .
3. Directly allocable deductions, expenses, or losses . . .
4. Indirectly allocable deductions, expenses, or losses . .
5. Add lines 2 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Subtract line 5 from line 1 . . . . . . . . . . . . . . . . . . . . . .
7. Qualified production activities income from pass-
through entities (see federal instruction ) . . . . . . . . . .
8. Qualified production activities income. Add lines 6 and
7. If zero or less, enter here, skip lines 9 though 15,
and enter 0 on line 16 . . . . . . . . . . . . . . . . . . . . . . . . .
9. Income limitation (see federal instruction ) . . . . . . . . .
10. Enter the smaller of line 8 or line 9. If zero or less,
enter 0 here, skip lines 11 through 15, and enter 0 on
line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11. Enter 3% of line 10 for tax years beginning on or before
December 31, 2006. Enter 6% for tax years beginning
January 1, 2007 thru December 31, 2009. Enter 9%
for tax years beginning after December 31, 2009. . . .
12. Form W-2 wages (see federal instruction ) . . . . . . . . .
13. Form W-2 wages from pass-through entities (see
federal instruction ) . . . . . . . . . . . . . . . . . . . . . . . . . . .
14. Add line 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15. Form W-2 wage limitation. Enter 50% of line 14 . . . .
16. Enter the smaller of line 11 or line 15 . . . . . . . . . . . . .
17. Domestic production activities deduction from
cooperatives. Enter deduction from Form 1099-PATR,
box 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18. New Jersey domestic production activities deduction.
Combine lines 16 and 17 from column C and enter the
result on on Form CBT-100, Schedule A-5, line 2 or
CBT-100S, Schedule A, line 37(e) . . . . . . . . . . . . . . . .

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