N.J. Admin. Code § 18:7-3A.5

Current through Register Vol. 57, No. 1, January 6, 2025

Section 18:7-3A.5 - Qualification for benefits

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 N.J.A.C. 18:7-3A.2, with sufficient detail to permit verification by the Division of Taxation.

Amended by R.1994 d.186, effective 4/18/1994.
See: 26 N.J.R. 761(a), 26 N.J.R. 1696(b).
Amended by R.1994 d.419, effective 8/15/1994.
See: 26 N.J.R. 2203(a), 26 N.J.R. 3462(a).
Recodified from N.J.A.C. 18:7-15.5 and amended by R.2007 d.203, effective 7/2/2007.
See: 39 N.J.R. 848(a), 39 N.J.R. 2540(b).
Updated the final N.J.A.C. reference.