Form 315 - Ama Tax Credit - 2011
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1
2315
FORM
NEW JERSEY CORPORATION BUSINESS TAX
(6-11, R-6)
AMA TAX CREDIT
FOR TAXABLE PERIODS ENDING ON AND AFTER JULY 31, 2011
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART I
AMA TAX CREDIT CARRYOVER
A
B
C
D
E
F
2002-2006
2007
2008
2009
2010
2011
1. Enter the tax
credit calculated
for each tax year
2. Enter the
amount used in tax
year:
a) 2003 - 2006
b) 2007
c) 2008
d) 2009
e) 2010
f) 2011
3. Carryover
amount -Line 1
minus Lines 2(a)
through 2(f)
4. Total AMA tax credit carryover, total of line 3, columns A through F . . . . . . . . . . . . . . . . . . . . . . . .
PART II
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
1. Enter tax liability from page 1, line 11 of CBT-100 or BFC-1, or page 1, line 6 of CBT-100S . . .
1.
2. Enter the required minimum tax liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Enter 50% of the tax liability reported on line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. AMA tax liability from page 1, line 14* of CBT-100 or BFC-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
6. Subtract line 5 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7. Enter the lesser of lines 3, 4 or 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
* For Key Corps remitting the AMA for a controlled group, refer to instruction for Part II, line 5.
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