Form 316 - Business Retention And Relocation Tax Credit - 2015 Page 2
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1
2PART IV
BUSINESS RETENTION AND RELOCATION TAX CREDIT CARRYOVER
12. Enter the amount from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Enter the amount from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
14. Business Retention and Relocation Tax Credit Carryover - line 12 minus line 13 . . . . . . . . . . . . . . . . . . 14.
INSTRUCTIONS
This form must be completed by any taxpayer claiming a Business Retention and Relocation Tax Credit on Form CBT-100, Form CBT-
100S or Form BFC-1. A completed Form 316 must be attached to the return to validate the claim.
PART I
QUALIFICATIONS
In order to be eligible for the tax credit, the answer to both questions in Part I must be "YES". If the answer to either question is "NO", the
taxpayer is NOT entitled to the Business Retention and Relocation Tax Credit.
Taxpayers that have received a grant of tax credits as a result of the project agreement with the New Jersey Commerce Commission must
attach the related tax credit certificate issued by the New Jersey Division of Taxation.
PART II
CALCULATION OF THE AVAILABLE BUSINESS RETENTION AND RELOCATION TAX CREDIT
Follow the instructions on lines 3 through 5 to calculate the total Business Retention and Relocation Tax Credit.
PART III
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
a) The allowable Business Retention and Relocation Tax Credit for the current period is calculated in Part III. The amount of this credit
in addition to the amount of any other tax credits taken cannot exceed an amount which would reduce the total tax liability below the
statutory minimum. Taxpayers claiming multiple credits must list any credits already applied to the tax liability to ensure accuracy of
the calculation for maximum credit allowable.
b) The minimum tax is assessed based on the New Jersey Gross Receipts as follows:
New Jersey Gross Receipts
CBT Tax
CBT-100S
Less than $100,000
$500.00
$375.00
$100,000 or more but less than $250,000
$750.00
$562.00
$250,000 or more but less than $500,000
$1,000.00
$750.00
$500,000 or more but less than $1,000,000
$1,500.00
$1,125.00
$1,000,000 or more
$2,000.00
$1,500.00
provided however that for a taxpayer that is a member of an affiliated or controlled group which has a total payroll of $5,000,000 or
more for the return period, the minimum tax shall be $2,000. Tax periods of less than 12 months are subject to the higher minimum
tax if the prorated total payroll exceeds $416,667 per month.
PART IV
BUSINESS RETENTION AND RELOCATION TAX CREDIT CARRYOVER
Although there is a limitation of the amount of credit allowed in a tax year, the amount of unused credit may be carried forward to the next
tax period and expires thereafter. Complete Part IV to determine the carryover amount.
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