Form 317 - Sheltered Workshop Tax Credit
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1
2
3NEW JERSEY CORPORATION BUSINESS TAX
317
FORM
SHELTERED WORKSHOP TAX CREDIT
(7-08, R-2)
FOR RETURN PERIODS ENDING ON AND AFTER JULY 31, 2008
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART I
QUALIFICATIONS
1. Is each employee for which a credit is claimed a “Qualified Person” in accordance with P.L. 2005, c. 318? . . . .
YES
NO
2. Did each employee for which a credit is claimed work for at least 26 weeks during the privilege period and
work at least 25 hours per week at or under the supervision of a sheltered workshop? . . . . . . . . . . . . . . . . . . . .
YES
NO
NOTE: If the answer to either of the above questions is “NO”, do not complete the rest of this form. The taxpayer does not qualify for the
sheltered workshop tax credit, otherwise, go to Part II.
PART II
CALCULATION OF THE AVAILABLE SHELTERED WORKSHOP TAX CREDIT
(A)
(B)
(C)
(D)
Social Security Number
Name
Total Wages
20% of Column C - Max $1,000
3.
4.
5.
6.
Total of Column D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8.
Enter the carryover from Part IV, line 4, from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Credit Available - Enter the total of line 7 plus line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
PART III
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
10. Enter tax liability from page 1, line 11 of CBT-100 or BFC-1, or line 6 of CBT-100S . . . . . . . . . . . . . . . . 10.
11. Enter the required minimum tax liability as indicated in instruction (b) for Part III . . . . . . . . . . . . . . . . . . 11.
12. Subtract line 11 from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Enter 50% of the tax liability reported on line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Enter the lesser of line 12 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
15. Tax Credits taken on current year’s return
a) Urban Transit Hub Tax Credit . . . . . . . . . . . . . . . . . . . . .
__________________________
b) HMO Assistance Fund Tax Credit . . . . . . . . . . . . . . . . .
__________________________
c) New Jobs Investment Tax Credit . . . . . . . . . . . . . . . . . .
__________________________
d) Urban Enterprise Zone Tax Credit . . . . . . . . . . . . . . . . .
__________________________
e) Redevelopment Authority Project Tax Credit . . . . . . . . .
__________________________
f) Recycling Equipment Tax Credit . . . . . . . . . . . . . . . . . .
__________________________
g) Manufacturing Equipment and Employment
Investment Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . .
__________________________
h) Research and Development Tax Credit . . . . . . . . . . . . .
__________________________
i) Small New Jersey-Based High-Technology
Business Investment Tax Credit . . . . . . . . . . . . . . . . . . .
__________________________
j) Neighborhood Revitalization State Tax Credit . . . . . . . .
__________________________
k) Effluent Equipment Tax Credit . . . . . . . . . . . . . . . . . . . .
__________________________
l) Economic Recovery Tax Credit . . . . . . . . . . . . . . . . . . .
__________________________
m) Remediation Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . .
__________________________
n) AMA Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
__________________________
o) Business Retention and Relocation Tax Credit . . . . . . . .
__________________________ . .Total 15.
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