Form 312 - Effluent Equipment Tax Credit For Taxable Periods Ending On And After July 31, 2008

Download a blank fillable Form 312 - Effluent Equipment Tax Credit For Taxable Periods Ending On And After July 31, 2008 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 312 - Effluent Equipment Tax Credit For Taxable Periods Ending On And After July 31, 2008 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

NEW JERSEY CORPORATION BUSINESS TAX
312
FORM
EFFLUENT EQUIPMENT TAX CREDIT
(7-08, R-3)
FOR TAXABLE PERIODS ENDING ON AND AFTER JULY 31, 2008
Name as Shown on Return
Federal ID Number
NJ Corporation Number
PART I
QUALIFICATIONS
1. Did the taxpayer purchase the effluent treatment equipment or conveyance equipment in a tax period
beginning on or after July 1, 2002? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
2. Has the taxpayer applied for or received a determination of environmentally beneficial operation from
the Commissioner of the Department of Environmental Protection with respect to the equipment for
which the credit is sought? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
3. Is the equipment used exclusively in New Jersey? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
NOTE: If the answer to any of the above questions is “NO,” do not complete the rest of this form. The taxpayer does NOT qualify for the
Effluent Equipment Tax Credit, otherwise go to PART II.
PART II
EFFLUENT TREATMENT AND CONVEYANCE EQUIPMENT
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
LOAN AMOUNT
MONTH &
FROM DEPT OF
COLUMN (C)
# OF
COLUMN (F) X
CREDIT USED
DESCRIPTION
COST
50% OF
COLUMN (E)
YEAR
ENVIRONMENTAL
MINUS
MONTHS
COLUMN (G)
IN PRIOR
PLACED IN
PROTECTION
COLUMN (D)
USED
DIVIDED
YEARS
SERVICE
PLUS SALES &
IN N.J.
BY 12
USE TAX PAID
a)
b)
c)
d)
e)
TOTAL
PART III
CALCULATION OF EFFLUENT EQUIPMENT TAX CREDIT
4. Enter the total of column (H), PART II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Enter the total of column (I), PART II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6. Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7. ENTER 20% (.20) OF LINE 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8. Enter the lesser of line 6 or line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Enter tax liability from page 1, line 11 of CBT-100 or BFC-1, or line 6 of CBT-100S . . . . . . . . . . . . . . . . . .
9.
10. Enter the required minimum tax liability as indicated in instruction (b) for Part III . . . . . . . . . . . . . . . . . . . . 10.
11. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
12. Enter 50% (.50) of the tax liability reported on line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Enter the lesser of line 11 or line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3