Form 303 - Recycling Equipment Tax Credit - 2014
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1
2303
NEW JERSEY CORPORATION BUSINESS TAX
FORM
RECYCLING EQUIPMENT TAX CREDIT
(09-14, R-12)
2014
FOR TAXABLE PERIODS ENDING ON AND AFTER JULY 31, 2014
Name as Shown on Return
Federal ID Number
NJ Corporation Number
READ THE INSTRUCTIONS ON THE REVERSE SIDE BEFORE COMPLETING THIS FORM
NOTE: The legislation governing this tax credit expired on December 31, 1996. Any unused tax credits claimed prior to January 1, 1997 are
allowable subject to the limitations set forth on this form.
PART I
QUALIFICATIONS
1. Has the taxpayer received and attached a copy of the recycling equipment certification issued by the
Department of Environmental Protection? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ YES
¨ NO
2. Was the recycling equipment used exclusively in New Jersey during the period covered by the tax return, or
in the case of vehicles only, primarily in New Jersey during this period? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ YES
¨ NO
If the answer to either question #1 or #2 is “NO”, do not complete the rest of this form. The taxpayer may not claim the recycling equipment
tax credit. Also, no tax credit may be claimed for qualified equipment which is disposed of during the period covered by the return.
PART II
CERTIFIED RECYCLING EQUIPMENT
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
MONTH & YEAR
LOAN AMOUNT
COLUMN (C)
# OF
COLUMN (F) X
CREDIT USED
DESCRIPTION
COST
50% OF
PLACED IN
FROM DEPT. OF
MINUS
MONTHS
COLUMN (G)
IN PRIOR
COLUMN (E)
SERVICE
ENVIRONMENTAL
COLUMN (D)
USED
DIVIDED
YEARS
PROTECTION
IN N.J.
BY 12
1.
2.
3.
4.
5.
TOTAL
PART III
CALCULATION OF RECYCLING EQUIPMENT TAX CREDIT
1. Enter the total of column (H), PART II
1.
2. Enter the total of column (I), PART II
2.
3. Subtract line 2 from line 1
3.
4. ENTER 20% (.20) OF LINE 1
4.
5. Enter the lesser of line 3 or line 4
5.
6. Enter tax liability from page 1, line 9 of CBT-100, or BFC-1, or line 4 of CBT-100S
6.
7. Enter the required minimum tax liability as indicated in instruction (b) for Part III
7.
8. Subtract line 7 from line 6
8.
9. Tax credits taken on current year’s return if applicable:
a)
______________________________
______________________________
______________________________
______________________________
b)
c)
______________________________
______________________________
d)
______________________________
______________________________
Total
9.
10. Subtract line 9 from line 8. If the result is less than zero, enter zero . . . . . . . . . . . . . . . . . . . .
10.
11. Allowable credit for the current tax period - Enter the lesser of line 5 or line 10 here and on
Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11.
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