320
NEW JERSEY CORPORATION BUSINESS TAX
FORM
(01-16)
GROW NEW JERSEY ASSISTANCE TAX CREDIT
2015
FOR TAXABLE PERIODS ENDING ON AND AFTER JULY 1, 2014
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART I
QUALIFICATIONS
1. Does the taxpayer have a valid project agreement executed by the New Jersey
Economic Development Authority? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
2. Has the taxpayer received and attached the original tax credit certificate issued by the New
Jersey Economic Development Authority? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
YES
NO
NOTE: If the answer to either question in Part I is “NO”, do not complete the rest of this form. The taxpayer is not eligible for this tax credit.
Otherwise, go to Part II.
PART II
CALCULATION OF THE AVAILABLE GROW NEW JERSEY ASSISTANCE TAX CREDIT
3. Enter the approved credit amount as reported on the attached certificate . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Enter the amount of credit carry forward from the prior tax period - from line 10 of the prior tax period
Form 320 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. Total tax credit available - add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
PART III
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
6. Enter tax liability from page 1, line 9 of CBT-100 or BFC-1, or line 4 of the CBT-100S . . . . . . . . . . . . . . .
6.
7. Total tax credits taken on current years’ return
a)____________________
____________________
b)____________________
____________________
c)____________________
____________________
d)____________________
____________________ . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total
7.
8. Remaining tax liablilty after other credits - subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Enter lesser of line 5 or line 8 here - carry to Grow New Jersey Assistance Tax Credit line on
Schedule A-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10. If line 5 is greater than line 8 - enter the difference here and carry forward . . . . . . . . . . . . . . . . . . . . . . . .
10.