New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 3A - URBAN ENTERPRISE ZONES ACT
Section 18:7-3A.5 - Qualification for benefits

Universal Citation: NJ Admin Code 18:7-3A.5
Current through Register Vol. 56, No. 18, September 16, 2024

There is no formal procedure for registration as a qualified business for the purpose of obtaining the corporation tax benefits. However, each annual CBT-100 Corporation Business Tax Return which claims any urban enterprise zone corporation tax benefits must include proof that it is a qualified business. This proof may consist of a certificate or other proof of status as a qualified business for sales tax purposes under N.J.A.C. 18:24-31. If a sales tax certificate or some other form of proof has not been obtained, the taxpayer should attach a statement setting forth how it qualifies as a "qualified business" as defined in 18:7-3A.2, with sufficient detail to permit verification by the Division of Taxation.

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