Form 314 - Remediation Tax Credit - 2011 (Page 2 of 4) in pdf

PART IV

CALCULATION OF THE ALLOWABLE REMEDIATION TAX CREDIT

Note: Refer to the instructions for Part IV before completing this section.

14. Enter tax liability from page 1, line 11 of CBT-100 or BFC-1, or line 6 of CBT-100S . . . . . . . . . . . . . . . . .

14.

15. Enter the required minimum tax liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15.

16. Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16.

17. Enter 50% (.50) of the tax liability reported on line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17.

18. Enter the lesser of line 16 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18.

19. 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 . . . . . . . . . . . . . . . . . .__________________________

Total . . .

19.

20. Subtract line 19 from line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20.

21. Allowable credit for the current tax period. Enter the lesser of line 13 or line 20 here and on

Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

PART V

REMEDIATION TAX CREDIT CARRYOVER

Complete this schedule if the allowable tax credit is less than the total credit available for the current year or if a tax credit was

carried forward from a previous tax year. Read the instructions for Part V before completing this schedule.

2006

2007

22. Enter the tax credit calculated for each tax year *

23. Enter the amount used in tax year:

a) 2006

b) 2007

c) 2008

d) 2009

e) 2010

f) 2011

24. Carryover amount - Line 1 minus Lines 23(a) through 23(f)

25. Total tax credit carryover, total of line 24, columns A and B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

* From Part III, line 11. (Do not include any amount of tax credit carried over from a prior tax period).

Form 314-A (6-11, R-6)

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