NJ CBT Form 312 - State of New Jersey 2025

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  1. Click ‘Get Form’ to open the NJ CBT Form 312 in our editor.
  2. Begin by filling in your 'Name as Shown on Return', 'Federal ID Number', and 'NJ Corporation Number' at the top of the form.
  3. In Part I, answer the qualification questions regarding the effluent treatment equipment. Ensure all answers are 'YES' to proceed.
  4. Move to Part II and provide details for each piece of equipment, including description, cost, and loan amounts. Use columns (A) through (I) for accurate reporting.
  5. In Part III, calculate your Effluent Equipment Tax Credit by following the instructions provided for each line item. Make sure to enter totals where indicated.
  6. Review all entries for accuracy before saving or exporting your completed form directly from our platform.

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Any corporation which incorporates, qualifies, or otherwise acquires a taxable status (nexus) in New Jersey must file a Corporation Business Tax (CBT) return. In general, this includes all domestic corporations.
The CBT applies to a corporations entire net income, which is federal taxable income adjusted by specific New Jersey modifications. For corporations with taxable net income over $10 million, the corporate transit fee further increases the tax liability.
New Jersey Division of Taxation, P.O. Box 666, Trenton, NJ 08646-0666.
New Jersey levies a franchise tax on both domestic and foreign corporations for the privilege of existing or operating within the state. This tax, known as the Corporation Business Tax (CBT), applies to all domestic corporations and all foreign corporations with a taxable status unless specifically exempt.
Why do you need to file a New Jersey Corporate Tax Return? Every corporate entity, including certain limited liability companies (LLCs) and partnerships, that operates in New Jersey is required to file a Corporate Tax Return (Form CBT 100).

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You may make a payment by EFT, e-check, or credit card through our online Corporation Business Tax Online Filing and Payments Service. (Combined Filers must submit payments using the Unitary ID number assigned to the Managerial Member.)
Who is Exempted From the ITR Filing Process? According to Section 194P of the IT Act, taxpayers 75 years or above are exempt from filing IT returns.

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