Schedule G-2 Part I&ii - Exceptions To The Addback Of Interest Expenses, Exceptions To The Addback Of Intangible Expenses And Costs Page 5

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NAME AS SHOWN ON RETURN
FEDERAL ID NUMBER
SCHEDULE G-2 PART II
EXCEPTIONS TO THE ADDBACK OF INTANGIBLE EXPENSES AND COSTS
Claim for an exception to the requirement under N.J.S.A. 54:10A-4.4b to add back to entire net income intangible expenses and costs including
intangible interest expenses and costs, paid, accrued, or incurred to a related member(s).
Intangible Expenses and Costs
Exception 1 - Amounts Paid, Accrued, or Incurred to a Related Member(s) in a Foreign Nation
1. Were any of the intangible expenses and costs, including intangible interest expenses and costs reported on Schedule G, Part II of the CBT-100, CBT-
100S, or BFC-1 return directly or indirectly paid, accrued or incurred to a related member in a foreign nation which has in force a comprehensive income
tax treaty with the United States?
“Yes” or “No” _______________________. If “Yes”, complete the following schedule. If “No”, you do not qualify for this exception.
Name of Related Member
Name of Foreign Nation
Description of Treaty
Amount Deducted
(a) Total - enter here and on line 1 of the Total Exceptions Chart for Part II . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Exception 2 - Intangible Expenses and Costs Paid, Accrued, or Incurred to Related Corporations Filing in New Jersey
If claiming this exception for more than one related member, complete Exception 2 for each related member and enter the total for all related members in the
Total Exceptions Chart.
Name of Related Member: ______________________________________________________________________________________________________
FID # of Related Member: _______________________________________________________________________________________________________
Fiscal Period of Related Member: ________________________________________________________________________________________________
1. Were any of the intangible expenses and costs including intangible interest expenses and costs reported on Schedule G, Part II of the CBT-100, CBT-
100S, or BFC-1 return directly or indirectly paid, accrued or incurred to the above related member and included in a New Jersey CBT-100, CBT-100S, or
BFC-1 return, filed by the related member? “Yes” or “No” ______________________________. If “Yes”, answer question #2. If “No”, you do not qualify
for this exception.
2. Was the tax liability of the related member greater than the statutory minimum tax? “Yes” or “No” _______________________. If “Yes”, complete the
following schedule. If “No”, you do not qualify for this exception.
Column A
Column B
Taxpayer
Related Member
1. Enter in column A and column B the amount of intangible expenses and costs claimed
by the taxpayer as being deductible . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2. Enter entire net income of related member from line 1, page 1 of New Jersey CBT-
100, CBT-100S, or BFC-1 return. IF THE AMOUNT ON LINE 2 IS ZERO OR LESS,
STOP HERE. THE EXCEPTION AMOUNT TO BE ENTERED ON LINE 8 IS ZERO,
OTHERWISE PROCEED TO LINE 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. Enter the lesser of line 1, column B or line 2, column B . . . . . . . . . . . . . . . . . . . . . . . .
4. Enter the respective allocation factors from line 2, page 1 of the New Jersey CBT-100,
CBT-100S, or BFC-1 return. If non-allocating, then enter 1.00 . . . . . . . . . . . . . . . . . .
5. Multiply line 1 by line 4 for column A, and line 3 by line 4 for column B. Enter the
result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6. Enter the respective tax rates used to compute line 9 of the New Jersey CBT-100 or
BFC-1, or line 4 of CBT-100S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7. Multiply line 5 by line 6 and enter the result here . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. Exception 2 amount - if line 7, column B is greater than line 7, column A, enter the
amount from line 1, column A, otherwise divide the amount on line 7, column B by line
6, column A, and then divide that result by line 4, column A. Enter result here and on
line 2 of the Total Exceptions Chart for Part II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Exceptions Chart for Part II
1. Exception 1 - Enter amount from line (a) of Schedule G-2, Part II, Exception 1 . . . . . . . . . . . . . . . . . . . . . .
2. Exception 2 - Enter amount from line 8, of Schedule G-2, Part II, Exception 2 . . . . . . . . . . . . . . . . . . . . . . .
3. Total Part II Exceptions - Add lines 1 and 2. Enter total here an on line (b) of Schedule G, Part II . . . . . . . .

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