Form 311 - Neighborhood Revitalization State Tax Credit - 2015
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1
2311
NEW JERSEY CORPORATION BUSINESS TAX
FORM
(07-15, R-111)
NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
2015
FOR RETURN PERIODS ENDING ON AND AFTER JULY 31, 2014
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART I
QUALIFICATIONS
1. Has the taxpayer received and attached a copy of the tax credit certificate issued by the commissioner
of the Department of Community Affairs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ YES
¨ NO
2. Did the taxpayer provide the assistance within the same year in which the commissioner issued the
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ YES
¨ NO
certificate?
If the answer to either question 1 or 2 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 NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
3. Enter the amount of assistance approved by the Department of Community Affairs . . . . . . . . . . . . . . .
3.
4. Total tax credit available - enter the lesser of line 3 or $1,000,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
PART III
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
5. Enter tax liability from page 1, line 9 of CBT-100 or BFC-1 or line 4 of CBT-100S . . . . . . . . . . . . . . . . .
5.
6. Enter the required minimum tax liability as indicated in instruction (b) for Part III . . . . . . . . . . . . . . . . . .
6.
7. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
8. Tax Credits taken on current year’s return:
a)
______________________________
______________________________
b)
______________________________
______________________________
c)
______________________________
______________________________
d)
______________________________
______________________________
Total
8.
9. Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9.
10. Allowable credit for the current tax period. Enter the lesser of line 4 or line 9 here and on
Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10.
NOTE: There are no carryover provisions for this tax credit
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