Form 302 - Redevelopment Authority Project Tax Credit - 2013 Page 2

Download a blank fillable Form 302 - Redevelopment Authority Project Tax Credit - 2013 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 Form 302 - Redevelopment Authority Project Tax Credit - 2013 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.

PART III

CALCULATION OF THE ALLOWABLE CREDIT AMOUNT

9. Number of employees entered on line 6 of the schedule in Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. Multiply line 9 by $1500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.

11. Enter the allowable credit amount from line 20 of the prior period’s form . . . . . . . . . . . . . . . . . . . . . . . . . . .

11.

12. Total credit available - Enter the total of line 10 minus line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.

13. Enter Tax Liability from Page 1, line 9 of CBT-100 or BFC-1, or line 4 of Form CBT-100S . . . . . . . . . . . . .

13.

14. Enter the required minimum tax liability as indicated in instruction (b) for Part III . . . . . . . . . . . . . . . . . . . . .

14.

15. Subtract line 14 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15.

16. Enter 50% (.50) of the tax liability reported on line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16.

17. Enter the lesser of line 15 or line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17.

18. Tax credits taken on current year’s return, if applicable:

a) Angel Investor Tax Credit

_________________________

b) Urban Transit Hub Tax Credit

_________________________

c) Grow New Jersey Tax Credit

_________________________

d) HMO Assistance Fund Tax Credit _________________________

e) New Jobs Investment Tax Credit

_________________________

18.

f) Urban Enterprise Zone Tax Credit _________________________ . . . . . . . . . . . . . . . . . . . . . . . .Total

19.

19. Subtract line 18 from line 17. If the result is less than zero, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20. Allowable credit for the current tax period - Enter the lesser of Line 12 or Line 19 here and on

Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20.

PART IV

REDEVELOPMENT AUTHORITY PROJECT TAX CREDIT CARRYOVER

NOTE: Unused tax credits may be carried forward for one year only. Any credit remaining after such time is forfeited.

21. Enter amount from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

21.

22. Enter amount from line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22.

23.

23. Amount of Redevelopment Authority Project Tax Credit carryover (line 21 minus line 22) . . . . . . . . . . . . . .

Form 302 (09-13, R-12)

Page 2