New Jersey Urban Transit Hub Tax Credit

Urban Transit Hub Tax Credit
Form 319 Urban Transit Hub Tax Credit
FORM 319

New Jersey Corporation Business Tax
Urban Transit Hub Tax Credit

2023

Name as Shown on Return

Federal ID Number

Unitary ID Number, if applicable

NU

Read the instructions before completing this form
Combined Return Filers
	 The taxpayer is included as a taxable member on a New Jersey combined return. See instructions.
Fill in oval if member is not sharing its credit with other members of the group.

Part I	

Qualifications

	 1.	 Does the taxpayer have written approval from the New Jersey Economic Development Authority to
receive an Urban Transit HUB Tax Credit?....................................................................................................

	

YES	

NO

	 2.	 Has the taxpayer received a tax credit certificate issued by the New Jersey Division of Taxation?..............

	

YES	

NO

	

	 Check the box to indicate a copy of the certificate has been submitted to the Division of Taxation	

Note:	

If the answer to question 1 or 2 is “NO,” do not complete the rest of this form. The taxpayer is not eligible for this tax credit.
Otherwise, go to Part II.

Part II	

Calculation of Available Credit

	 3.	 Enter the tax credit amount approved for the current privilege period or tax year by the Economic
Development Authority.........................................................................................................................

3.

	 4.	 Urban Transit Hub Tax Credit carried forward from prior year..............................................................

4.

	 5.	 Total credit available (add lines 3 and 4)..............................................................................................

5.

Part III	
		

Calculation of the Allowable Credit Amount and Carryforward
(Combined return filers DO NOT complete Part III. Continue with Part IV.)

	 6.	 Enter tax liability from page 1, line 2a of CBT-100 or CBT-100S..........................................................

6.

	 7.	 If taxpayer is a tenant, enter the total lease payments made during the privilege period or tax year
for occupancy in the qualified business facility. Otherwise, continue to line 8......................................

7.

	 8.	Other tax credits used by taxpayer on current year’s return (see instructions):
	(a)

	

	(b)

	

	(c)

	

	(d)

	

.......................................Total

8.

	 9.	 Subtract line 8 from line 6. If zero or less, enter zero...........................................................................

9.

	10.	 Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of lines 5,
7, or 9 and other taxpayers must enter the lesser of lines 5 or 9 here and on Schedule A-3, Part I of
the CBT-100 or CBT-100S....................................................................................................................

10.

	11.	 Amount of credit carryforward to following year’s return (subtract line 10 from line 5)........................

11.

Name as Shown on Return

Part IV	

Federal ID Number

Unitary ID Number, if applicable

NU

Calculation of Allowable Credit Amount and Carryforward – Combined Return Filers ONLY

Section A – ALL Combined Return Filers
	12.	 Enter the group tax liability from Schedule A, Section II, Part III, line 4a, column (c) of CBT-100U....

12.

	13.	 If the member is a tenant, enter the total lease payments made during the privilege period or tax
year for occupancy in the qualified business facility. Otherwise, continue to line 14...........................

13.

	14.	 Other tax credits used by combined group on current year’s return (see instructions):
	

	

(a)

	

(b)

	

	

(c)

	

	

(d)

	

.......................................Total

14.

	15.	 Subtract line 14 from line 12. If zero or less, enter zero......................................................................

15.

	16.	 Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of lines
5, 13, or 15 and other taxpayers must enter the lesser of lines 5 or 15. If sharing, also enter in the
member’s column of Schedule A-3, Part I of the CBT-100U...............................................................

16.

If SHARING credit, complete line 17.
If NOT sharing credit, skip line 17 and complete Section B.
	17.	 Amount of credit carryforward to following year’s return (subtract line 16 from line 5).

17.

Section B – Combined Return Filers NOT Sharing Credit
	18.	 a)	 Enter combined group tax liability from line 12............................. 18a.
	

	 b)	 Divide line 18a by the combined group allocation factor from
Schedule J, line 9......................................................................... 18b.

	

	 c)	 Member’s share of combined group tax liability – Multiply line 18b by member’s allocation factor
from Schedule J, line 9...................................................................................................................

18c.

	19.	 If member is a tenant, enter the total lease payments made during the privilege period or tax year
for occupancy in the qualified business facility. Otherwise, continue to line 20...................................

19.

	20.	 Other tax credits used by taxpayer on current year’s return (see instructions):
	

(a)

	

	

(b)

	

	

(c)

	

	

(d)

	

........................................Total

20.

	21.	 Subtract line 20 from line 18c. If zero or less, enter zero....................................................................

21.

	22.	 Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of
lines 16, 19, or 21 and other taxpayers must enter the lesser of lines 16 or 21 here and in the
member’s column of Schedule A-3, Part I of the CBT-100U...............................................................

22.

	23.	 Amount of credit carryforward to following year’s return (subtract line 22 from line 5)........................

23.

Instructions for Form 319
Urban Transit Hub Tax Credit
Purpose of this Form

This form must be completed by any taxpayer that claims a tax credit as provided for in the Urban Transit Hub Tax Credit Act, P.L. 2007,
c. 346, as amended by P.L. 2009, c.90 and P.L. 2012, c.35. (C.34:1B-207 et seq.). The Act establishes a tax credit of up to 100% of the
qualified capital investments made by businesses, and a tax credit of up to 20% of the qualified capital investments made by developers.
The tax credit can be taken over a 10-year period at the rate of one-tenth of the total amount of the credit for each privilege period or tax
year. If the taxpayer claims this credit on Form CBT-100, CBT-100U, or CBT-100S, a completed Form 319 must be included with the return
to validate the claim.
Parts III and IV are used to calculate the allowable credit and carryforward. Taxpayers filing Forms CBT-100 or CBT-100S complete Part III
and CBT-100U filers complete Part IV.
Any amount of tax credit that exceeds the final tax liability for any privilege period or tax year may be carried forward for 20 years. The tax
credits are not refundable.

Combined Return Filers

If filing a combined return, this form must be completed by the member that earned (purchased) the credit. All combined return filers must
check the combined return filers box at the top of the form and complete Part IV, Section A.
Members Opting Not to Share. In general, tax credits are earned by a member of the combined group and are shareable with the combined group. However, members are not required to share their credits. See N.J.S.A. 54:10A-4.6.i and TB-90(R), Tax Credits and Combined Returns. In addition to Section A, members that choose not to share must also complete Part IV, Section B and fill in the oval at the
top of the form to indicate they are not sharing the credit.
Taxpayers must include the appropriate credit form in the year the credit was earned even if they are not claiming the credit on
their tax return.

Part I – Qualifications

To be eligible for the tax credit, the answer to questions 1 and 2 must be “YES.” If the answer to question 1 or 2 is “NO,” the taxpayer is
not entitled to the Urban Transit Hub Tax Credit.
A copy of the tax credit certificate and a copy of the completed Form 319 must be submitted by mail to the New Jersey Division of Taxation, CBT Refunds/Tax Credits, PO Box 259, Trenton, NJ 08695-0259. Failure to submit this documentation by mail will result in the delay
and/or denial of the tax credit claimed.

Part II – Calculation of Available Credit

Line 3 – The amount of the tax credit is equal to the amount reported on the tax credit certificate that was issued by the New Jersey Division of Taxation.

Part III – Calculation of the Allowable Credit Amount and Carryforward (for CBT-100 and CBT-100S Filers
only)

For CBT-100 and CBT-100S filers, the allowable Urban Transit Hub Tax Credit for the current tax period is calculated in Part III. Combined
return filers do not complete Part III, and must complete Part IV instead.
For tenants, the amount of credit allowed for a privilege period or tax year to a taxpayer that is a tenant cannot exceed the total lease payments for occupancy in a qualified business facility for that privilege period or tax year.
Line 8 – Taxpayers claiming multiple credits must list any credits already applied to the tax liability to ensure accuracy of the calculation for
maximum credit allowable.

Part IV – Calculation of the Allowable Credit Amount and Carryforward for Combined Return Filers

For CBT-100U filers, the total and allowable Urban Transit Hub Tax Credit for the current year is calculated in Part IV. All combined return
filers must complete Section A. Members that choose not to share their credit must also complete Section B.
Section A – To be completed by ALL combined return filers
This section calculates the amount of credit allowable for the group. If a member chooses not to share their credit with the group, Section A
must still be completed to ensure the credit allowed for the member does not exceed the amount that would otherwise be allowed against
the group tax liability.

For tenants, the amount of credit allowed for a privilege period or tax year to a taxpayer that is a tenant cannot exceed the total lease payments for occupancy in a qualified business facility for that privilege period or tax year.
Line 14 – Combined groups claiming multiple credits must list any credits already applied to the group tax liability to ensure accuracy of
the calculation for maximum credit allowable.
Section B
This section is used to calculate the amount of credit allowable for members that choose not to share their credit with the group. Section B
is completed based on the member’s share of the group tax liability. The amount of the credit is limited to the amount that would otherwise
be allowed against the group tax liability if the member had been sharing the credit.
Line 20 – Members claiming multiple credits must list any credits already applied to the member’s tax liability to ensure accuracy of the
calculation for maximum credit allowable.