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FORM NEW JERSEY CORPORATION BUSINESS TAX 301 (7-08, R-8) URBAN ENTERPRISE ZONE INVESTMENT TAX CREDIT

FORM NEW JERSEY CORPORATION BUSINESS TAX 301 (7-08, R-8) URBAN ENTERPRISE ZONE INVESTMENT TAX CREDIT 2025

FORM NEW JERSEY CORPORATION BUSINESS TAX 301 (7-08, R-8) URBAN ENTERPRISE ZONE INVESTMENT TAX CREDIT Preview on Page 1

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The document outlines the Urban Enterprise Zone Investment Tax Credit available to qualified businesses in New Jersey. It details eligibility requirements, including certification as a qualified business, active trade in the zone, employee count, and necessary approvals for investments. The form includes sections for taxpayers to confirm qualifications and calculate the allowable credit amount based on approved investments, while also addressing credit carry forward provisions.

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Click ‘Get Form’ to open it in the editor.
Begin by entering your 'Name as Shown on Return', 'Federal ID Number', and 'NJ Corporation Number' at the top of the form.
In Part I, answer the qualification questions. If any answer is 'NO', you cannot proceed with this form.
If qualified, move to Part II. Enter the amount of your approved investment in line 7 and calculate 8% of that amount for line 8.
Add any carryover from previous years in line 9 and calculate your total credit on line 10.
Complete lines 11 through 18 to determine your allowable credit for the current tax period.
Finally, in Part III, calculate any credit carry forward for future tax returns based on lines 19 and 20.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does New Jersey have a corporate franchise tax?

The Corporation Business Tax Act imposes a franchise tax on a domestic corporation for the privilege of existing as a corporation under New Jersey law.

What is the UEZ tax in NJ?

URBAN ENTERPRISE ZONE (UEZ) PROGRAM Certified UEZ Businesses are able to charge half the states sales tax rate currently 3.3125% and make tax free purchases on certain items such as capital equipment, facility expansions, and upgrades.

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