Schedule N - Nexus-Immune Activity Declaration Page 2

Download a blank fillable Schedule N - Nexus-Immune Activity Declaration in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Schedule N - Nexus-Immune Activity Declaration with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

SCHEDULE N (03-10,
)
Pg 2
ct
PURPOSE OF SCHEDULE
This schedule must be completed annually and be made part of the Corporation Business Tax Return (either Form
CBT-100 or CBT-100S) filed by any foreign corporation seeking to clam immunity from income taxation pursuant to
Public Law 86-272, 73 Stat. 555, USC § 381 and pay either the minimum tax or the Alternative Minimum Assessment,
whichever is greater, prescribed under N.J.S.A. 54:10A-5(e). This schedule is not to be filed by corporations incorporated
under the laws of the State of New Jersey.
Instructions
1) If any question is answered in the affirmative, the corporation will be required to apportion net income to
New Jersey and determine the amount of tax on its New Jersey Corporation apportioned income. The
corporation will pay this tax or the Alternative Minimum Assessment, or minimum tax whichever is greater.
2) If all questions are answered in the negative, this schedule can be attached to the New Jersey Corporation
Business Tax return to claim immunity from tax on its net income. The tax that the corporation will pay
under this scenario will be the greater of the minimum tax or the Alternative Minimum Assessment.
Note: For periods beginning on or after January 1, 2002, corporations using this schedule must complete the New Jersey
Corporation Business Tax return in full.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2