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                                        NEW JERSEY

                                        Short Period

                         CBT-100-R

               For Accounting Periods that  

begin on or after January 1, 2018,  

               and end before July 31, 2018

Contained in This Packet:

CBT-100-R Instructions  Short Period Return Instructions

Form CBT-100-R        Short Period Corporation Business Tax Return

TO  FILE  AND PAY  THE  ANNUAL  REPORT 
ELECTRONICALLY, VISIT THE DIVISION OF 
REVENUE  AND ENTERPRISE SERVICES 
WEBSITE AT:  www.nj.gov/treasury/revenue

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                      New Jersey Corporation Business Tax

                      Notice to Taxpayer
These instructions and the accompanying form should be used only for accounting periods that begin on 
or after January 1, 2018, and end before July 31, 2018. This package has significant changes from the 
previous return due to P.L. 2018, c. 48 (signed into law on July 1, 2018) and P.L. 2018, c. 131 (signed into law 
on October 4, 2018), which significantly changed the New Jersey Corporation Business Tax Act.
These changes include:
• The dividend exclusion percentage has been reduced and a tiered dividend exclusion has been added.
• There is surtax on the allocated taxable net income.
• The law permits the taxpayer to use the amount of its federal I.R.C. § 250(a) deduction against its Global
Intangible Low Taxed Income (GILTI) and Foreign Derived Intangible Income (FDII) if the income was
included in the taxpayer’s entire net income for New Jersey Corporation Business Tax purposes.
• The treaty exceptions for the related party addbacks of interest and intangible expenses were changed.
• A method for applying the I.R.C. § 163(j) limitation has been added.

• The New Jersey Research and Development Credit (R&D Credit) recoupled with the federal provisions in
I.R.C. § 41.
• Taxpayers must addback all income that is exempt under any law of the United States to their entire net
income.
• A required adjustment to the depreciable basis of assets for certain utility companies is required.
Penalties and interest will not imposed on the underpayment of tax resulting from any retroactive changes.
If additional information is needed to complete this return, please email us at Taxation.CBT@treas.nj.gov.

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                             CBT-100 – TABLE OF CONTENTS
Subject / Instruction Number                                                Page
Accounting Method 9 ......................................................................................................................................3
Accounting Periods 3(a)  ................................................................................................................................1
Allocation 32, 33 .............................................................................................................................................8
Alternative Minimum Assessment 23 ..............................................................................................................6
Amended Returns 48 ....................................................................................................................................14
Consolidated Returns 8(a), 16(a)(3) ...........................................................................................................2, 4
Credit for Installment Payments 45(a) ..........................................................................................................14
Credit to Combined Group 4(c).......................................................................................................................2 
Deduction for Foreign Taxes Deemed Paid 16(h) ...........................................................................................5
Depreciation and Safe Harbor Leasing 42......................................................................................................9
DISCs 8(c) ......................................................................................................................................................2
Dividend Exclusion 16(j), 41 .......................................................................................................................5, 9
Due Dates 3(a) ...............................................................................................................................................1
Electronic Funds Transfers 5 ..........................................................................................................................2
Estimated Tax Installment Payments 44, 45(a) ......................................................................................13, 14
Extension of Time to File Return 7..................................................................................................................2
Federal Adjustments to Income 15 .................................................................................................................4
Filing Qualifications and Requirements 13 .....................................................................................................3
FSCs 8(d) .......................................................................................................................................................3
Financial Business Corporation 8(e)...............................................................................................................3
Inactive Corporations 2(b), 30 ....................................................................................................................1, 8
Index .............................................................................................................................................................15
Installment Payment 4(b), 7(d), 44 ...........................................................................................................2, 13
Interest 46 .....................................................................................................................................................14
Interest and Intangible Expenses and Costs 28 .............................................................................................7
Investment Companies 11(b), 34 ................................................................................................................3, 8
Minimum Tax 11(d), 22 ...............................................................................................................................3, 6
New Corporations 3(b)....................................................................................................................................1
Net Operating Loss 16(i).................................................................................................................................5
Nexus – Immune Activity Declaration 36 ........................................................................................................8
Nonoperational Activity 37 ..............................................................................................................................8
Optional Copies of Schedules 31 ...................................................................................................................8
Overpayment Credit 45(c) ............................................................................................................................14
Partnership Investments 39 ............................................................................................................................9
Partnership Payment 45(e) ...........................................................................................................................14
Payment of Tax 4(a) ........................................................................................................................................2
Penalties 7(e), 46......................................................................................................................................2, 14
Personal Liability of Officers and Directors in Dissolution or Liquidation 6 .....................................................2
Professional Corporations 40 .........................................................................................................................9
Real Estate Investment Trusts 11(b), 35 .....................................................................................................3, 8
Regulated Investment Companies 11(c), 35 ...............................................................................................3, 8
Riders 10 ........................................................................................................................................................3
S Corporations 8(b) ........................................................................................................................................2
Signature 14 ...................................................................................................................................................4
Subsidiary Investments 38..............................................................................................................................8
Summary Schedule 20 ...................................................................................................................................6
Surtax 11(e) ....................................................................................................................................................3
Tax Rates 11 ...................................................................................................................................................3
Taxes 29 .........................................................................................................................................................7
Tentative Payment Credit 45(b) ....................................................................................................................14
Underpayment of Estimated Tax 46 ..............................................................................................................14

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CBT-100-R

                                    STATE OF NEW JERSEY
DIVISION OF TAXATION                                                                                  CORPORATION TAX

                  INSTRUCTIONS FOR CORPORATION BUSINESS TAX RETURN
                                        (Short Period – CBT-100-R)

                                           SCHEDULE CHART
   TAXPAYER MUST COMPLETE SCHEDULES INDICATED BY “X” FOR ITS RESPECTIVE CLASS
                                                                            SCHEDULES
 CLASS OF TAXPAYER           A A-2 A-3 A-4 A-5 A-6 A-GR AM B     C    C-1   E    F  G H      I      J L M P             P-1     PC Q R S
1. Non-Allocating            X X X  X X  X X X             X     X        X X    X  X X      X            X             X       X  X X X
2. Allocating                X X X  X X  X X X             X     X        X X    X  X X      X      X     X             X       X  X X X
3. Invest. Company           X X X  X X  X X               X     X        X X    X  X X               X   X             X       X  X X X
4. Regulated Invest. Co.            X X  X X X                                                          X                       X
5. Real Estate Invest. Trust X X X  X X  X X X             X     X        X X    X  X X             X X X               X       X  X X X
6. Professional Corporation  X X X  X X  X X               X     X        X X    X  X X      X          X X             X       X    X X

   Note:  If applicable, Schedule G-2, Schedule N, Schedule O, Schedule RT, and Schedule PT are available from the Division’s website or 
        Taxpayer Forms Service. Use the 2018 versions of these forms when completing the short period return, Form CBT-100-R. Refer 
        to the index on page 15 for instructions on obtaining the forms.

1.  COMPLETING AND MAILING RETURNS:                                         (b) Inactive corporations that,  during the period covered by 
   Please read all instructions carefully before completing returns.            the return, did not conduct any business, did not have any 
   (a)  Statutory references are to the New Jersey Statutes Anno-               income, receipts or expenses, and did not own any assets, 
    tated and indicate, unless otherwise designated, the section                need only submit pages 1 through 4 (1 through 6 if software 
    of the Corporation Business Tax Act, as amended and sup-                    generated) of the return along with Schedule I, Certification 
    plemented, on which the instruction is based. To obtain ad-                 of Inactivity. Payment for the related minimum tax liability and 
    ditional  information  or tax forms, follow  the instructions  on           the installment payment (if  applicable)  must  be submitted 
    page 15.                                                                    electronically. Refer to instruction 30.
   (b)  Enter the Federal Employer Identification Number, New Jer-    3.    (a)  ACCOUNTING PERIODS AND DUE DATES: The Short Pe-
    sey Corporation Number, Corporation Name and complete                       riod Return, Form CBT-100-R, should only be used for ac-
    address and zip code in the space provided on the return.                   counting periods that begin on or after January 1, 2018, and 
                                                                                end before July 31, 2018. Visit the Division’s website at www.
   (c)  Provide the remaining information requested on the top por-
                                                                                state.nj.us/treasury/taxation/prntcbt.shtml for  forms  for  any 
    tion of the return. The principal business activity code should 
                                                                                other period.
    be taken from the taxpayer’s federal tax return. Be sure to 
    provide the location of the corporate books as well as a con-               (1) Initial  Return. If  a return for  this period has not been 
    tact person and telephone number.                                               filed, use the form enclosed in this packet to file the return 
                                                                                    by the extended due date. Check the box at the top of 
   Note:  You must  check the  box  to  indicate whether this  is  an 
                                                                                    page 1 indicating this is an initial return.
        original or amended return. 
                                                                                (2) Amended Return. If a return for this period has already 
   (d)  Send the completed return to: State of New Jersey, Division 
                                                                                    been filed, use the form enclosed in this packet to file the 
    of Taxation, State of New Jersey, Division of Taxation, CBT 
                                                                                    return. This form is due on or before April 15, 2019 (see 
    Refund Group, PO Box 259, Trenton, NJ 08695-0259.
                                                                                    Instruction 7(e)). Check the box at the top of page 1 indi-
2. (a)  Unless the corporation is inactive for the entire period cov-               cating this is an amended return.
    ered by the return, all schedules and questions must be an-
                                                                            (b) NEW CORPORATIONS:
    swered unless permission to omit or substitute is indicated 
                                                                                (1) Every New Jersey corporation  acquires a taxable sta-
    on the return form. All applicable schedules must be submit-
                                                                                    tus beginning  1) on the date of its incorporation,  or 2) 
    ted on the official New Jersey tax form. If the answer to any 
                                                                                    on the first day of the month following its incorporation if 
    item is “No” or “None”, write “No” or “None.” Do not merely 
                                                                                    so stated in its certificate of incorporation. Every corpo-
    leave the item blank.
                                                                                    ration that incorporates, qualifies or otherwise acquires 
                                                                                    a taxable status in New Jersey must file a Corporation 

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Business Tax Return. A tax return must be filed for each 7. EXTENSION OF TIME TO FILE RETURN/INSTRUCTIONS
fiscal period, or part thereof, beginning on the date the FOR FORM CBT-200-T:
corporation acquired a taxable status in New Jersey re- (a) AUTOMATIC EXTENSION: If a tentative return,
gardless of whether it had any assets or conducted any Form CBT-200-T, and tax payment are timely and properly
business activities. No return may cover a period exceed- filed, it is the policy of the Division of Taxation to grant an ex-
ing twelve (12) months, even by a day. tension of no more than six (6) months for filing the CBT-100
or the CBT-100-R.
(2) Every corporation that elects to be a New Jersey S cor-
poration must file a “New Jersey S Corporation or New The return must include the computation of tax liabilities on
Jersey QSSS Election” (Form CBT-2553) within one cal- lines 1 and 2 and, if applicable, the Key Corporation AMA
endar month subsequent to the federal S corporation fil- payment on line 3, and the Tentative Professional Fees on
ing requirement. lines 5 and 6. File the completed CBT-200-T with payment
of the total amount due as reflected on line 8. The tentative
(3) Every corporation that incorporates, qualifies, or other- return must be filed on or before the original due date of the
wise acquires a taxable status in New Jersey and that has tax return.
adopted a fiscal year other than December 31, shall ad-
vise the Division of Taxation promptly of the date of such (b) If a request for extension is duly made, it will be granted by
accounting period. If no such advice is received on or the Division. Approved extensions will not be confirmed in
before April 15, 2019, the taxpayer will be deemed “non- writing.
compliant” if no return is filed on or before April 15, 2019.
(c) MINIMUM TAX: See instruction 11(d).
(c) TRANSACTING BUSINESS WITHOUT A CERTIFICATE
OF AUTHORITY: In addition to any other liabilities imposed (d) INSTALLMENT PAYMENT: Any taxpayer with a tax liability of
by law, a foreign corporation that transacts business in this $500 on line 1, may make a payment of 50% of line 1 in lieu
State without a certificate of authority shall forfeit to the State of making the installment payments otherwise required. Tax-
a penalty of not less than $200, nor more than $1,000 for payers that report a tax liability greater than $500 on line 1
each calendar year, not more than 5 years prior thereto, in should not make an entry on line 2 and are required to make
which it shall have transacted business in this State without a installment payments of estimated tax indicated in instruction
certificate of authority. N.J.S.A. 14A:13-11(3). 44. Any taxpayer with Professional Corporation Fee liabilities
at line 5 must report and remit an installment payment of 50%
4. (a) PAYMENT OF TAX: To make payments electronically, go to of line 5.
the Division of Taxation’s website www.nj.gov/treasury/
taxation and select “Make a Payment.” Taxpayers who do (e) PENALTIES AND INTEREST
not have access to the Internet may call the Division’s (1) Interest – The interest rate assessed on outstanding
Customer Service Center at 609-292-6400. tax balances is Prime Rate plus 3%. For information on
how it is calculated or to find the rate, visit www.nj.gov/
(b) Corporations are required to make installment payments treasury/taxation/interest.shtml.
of estimated tax. Generally, these payments are remitted
electronically from Corporation Business Tax Online Services (2) Insufficiency Penalty – If the amount paid with the Tenta-
and Payment Services at www.nj.gov/treasury/taxation/ tive Return, Form CBT-200-T, is less than 90% of the tax
online.shtml. Refer to instruction 45 for further information. If liability computed on Form CBT-100, or in the case of a
tax liability is $500, refer to 7(d). taxpayer whose preceding return covered a full 12 month
period, is less than the amount of the tax computed at the
(c) If requested on the return, an overpayment of tax by a rates applicable to the current accounting year but on the
corporation will only be credited to a combined group of basis of the facts shown and the law applicable to the pre-
which the corporation is a member. ceding accounting year, the taxpayer may be liable for a
penalty of 5% per month or fraction thereof not to exceed
5. ELECTRONIC FUNDS TRANSFERS: Taxpayers with a prior 25% of the amount of underpayment from the original due
year liability of $10,000 or more in any tax are required to make date to the date of actual payment.
their payments for all taxes by Electronic Funds Transfer (EFT).
For information or to enroll in the program, visit the Division of 8. (a) CONSOLIDATED RETURNS NOT PERMITTED: For tax
Revenue and Enterprise Services’ website at years ending on or before July 30, 2019, a corporation that
www.nj.gov/treasury/revenue/eft1.shtml, call 609-984-9830, fax is included in a consolidated federal income tax return must
609-292-1777, or write to NJ Division of Revenue and complete all schedules on its own separate basis and attach
Enterprise Services, EFT Section, PO Box 191, Trenton, NJ a copy of the Affiliations Schedule, Form 851, which it filed
08646-0191. with Form 1120 for federal income tax purposes. For tax
years ending on and after July 31, 2019, combined returns
Note: Taxpayers who are required to remit payments by EFT can are either mandatory or permitted.
satisfy the EFT requirement by making e-check or credit
card payments. (b) FEDERAL S CORPORATIONS: Federal S corporations that
6. PERSONAL LIABILITY OF OFFICERS AND DIRECTORS: Any have not elected and been authorized to be New Jersey S
corporations must complete this return as though no election
officer or director of any corporation who shall distribute or cause had been made under Section 1362 of the Internal Reve-
to be distributed any assets in dissolution or liquidation to the nue Code. A copy of Form 1120S as filed must be submitted.
stockholders without having first paid all corporation franchise Lines 1 through 28 on Schedule A of the CBT-100-R must
taxes, fees, penalties and interest imposed on said corporation, be completed. New Jersey S corporations must file the New
in accordance with N.J.S.A. 14A:6-12, N.J.S.A. 54:50-18 and Jersey S Corporation Business Tax Return, Form CBT-100S.
other applicable provisions of law, shall be personally liable for
said unpaid taxes, fees, penalties, and interest. Compliance with (c) DOMESTIC INTERNATIONAL SALES CORPORATIONS
N.J.S.A. 54:50-13 is also required in the case of certain mergers, (DISC): A Domestic International Sales Corporation must
consolidations and dissolutions. complete this return as though no election had been made
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under Sections 992-999 of the Internal Revenue Code. A If a taxpayer is a member of an affiliated or controlled group
DISC must complete all applicable schedules on the return. (as per sections 1504 or 1563 of the Internal Revenue Code
of 1986) that has a total payroll of $5,000,000 or more for
(d) FOREIGN SALES CORPORATIONS (FSC): An FSC must the tax year, the minimum tax is $2,000. Tax years of less
complete this return as though no election had been made than 12 months are subject to the higher minimum tax if the
under Sections 922-927 of the Internal Revenue Code. An prorated total payroll exceeds $416,667 per month. Total
FSC must complete all applicable schedules on the return. payroll refers to the total payroll of the affiliated group rather
Under Section 5, P.L. 106-519, no corporation may elect to than total New Jersey payroll of a single corporation. Tax-
be an FSC after September 30, 2000. payers that are members of an affiliated or controlled group
(e) FINANCIAL BUSINESS CORPORATIONS: Corporations must submit a schedule of payroll per member and a copy of
that qualify as financial businesses, those which derive 75% the taxpayer’s federal affiliations schedule, Form 851, with
of their gross income from the financial activities enumer- the return. Refer to Schedule A-GR for the determination of
ated at N.J.A.C. 18:7-1.16(a)1 through (a)7, must file the New Jersey gross receipts.
New Jersey Corporation Business Tax Return for Banking The minimum tax cannot be prorated. Zero (0) returns
and Financial Business, Form BFC-1. Forms and information are not permitted.
can be obtained from the Division of Taxation, Special Audit
Section, PO Box 271, Trenton, NJ 08695-0271 or by calling (e) SURTAX: Every business entity that is subject to the corpo-
609-292-5301. ration business tax is also subject to the surtax if the busi-
ness entity has an allocated taxable net income in excess
9. ACCOUNTING METHOD: The return must be completed using of $1,000,000 (i.e., if line 3c or line 6 or line 7 of page 1,
the same method of accounting, cash, accrual or other basis, Form CBT-100-R is more than $1,000,000). The surtax is im-
that was employed in the taxpayer’s federal income tax return. posed on the allocated taxable net income for tax years be-
10. RIDERS: If space is insufficient, attach riders in the same form ginning on or after January 1, 2018. Public utilities and New
as the original printed sheets. Write on only one side of each Jersey S corporations (as defined in N.J.S.A. 54:10A-4(q)
sheet. and N.J.S.A. 54:10A-4(p), respectively) are exempt from the
surtax. The rate is imposed as follows:
11. TAX RATES: • 2.5% for tax years beginning on or after January 1, 2018,
(a) For taxpayers with Entire Net Income (the total of page 1, through December 31, 2019; and
lines 1 and 4(b) plus the amount from Schedule A-6, line 11 )
greater than $100,000, the tax rate is 9% (.09) on adjusted • 1.5% for tax years beginning on or after January 1, 2020,
entire net income or such portion thereof as may be allocable through December 31, 2021.
to New Jersey. I.R.C. §965 dividends are not subject to the surtax. If
For taxpayers with Entire Net Income (the total of page 1, line 3c or line 6 or line 7 of page 1, Form CBT-100-R includes
lines 1 and 4(b) plus the amount from Schedule A-6, line 11 ) §965 dividends that are excluded for purposes of computing
greater than $50,000 and less than or equal to $100,000, the surtax, attach a rider detailing the information.
the tax rate is 7.5% (.075) on adjusted entire net income or 12. WHO MAY BE SUBJECT TO TAX: Any domestic or foreign cor-
such portion thereof as may be allocable to New Jersey. Tax poration, joint-stock company or association, and any business
periods of less than 12 months qualify for the 7.5% rate if conducted by a trustee or trustees wherein interest or ownership
the prorated entire net income does not exceed $8,333 per is evidenced by a certificate of interest or ownership or similar
month. written instrument is subject to tax. This includes limited part-
For taxpayers with Entire Net Income (the total of page 1, nership associations organized pursuant to N.J.S.A. 42:3-1 et
lines 1 and 4(b) plus the amount from Schedule A-6, line 11 ) seq., and foreign limited partnership associations. No new lim-
of $50,000 or less, the tax rate is 6.5% (.065) on adjusted ited partnership associations shall be formed in New Jersey after
net income or such portion thereof as may be allocable to September 21, 1988.
New Jersey. Tax periods of less than 12 months qualify for In general, limited liability companies are required to file for New
the 6.5% rate if the prorated entire net income does not ex- Jersey purposes in the same manner that they report for federal
ceed $4,166 per month. purposes.
(b) INVESTMENT COMPANIES AND REAL ESTATE INVEST- 13. CORPORATIONS REQUIRED TO FILE THIS RETURN:
MENT TRUSTS: The tax payable by Investment Companies (a) In general, every corporation existing under the laws of the
and Real Estate Investment Trusts shall be computed at the State of New Jersey; and
rates stated in (a) above. The minimum tax is computed in
(b) Every foreign corporation that (1) holds a general certificate
accordance with (d) below.
of authority to do business in this State issued by the Secre-
(c) REGULATED INVESTMENT COMPANY: The tax payable tary of State; or (2) holds a certificate, license, or other au-
by a qualified Regulated Investment Company is computed thorization issued by any other department or agency of this
in accordance with (d) below. State, authorizing the company to engage in corporate activ-
ity within this State; or (3) derives income from this State; or
(d) MINIMUM TAX: The minimum tax is assessed based on the (4) employs or owns capital within this State; or (5) employs
New Jersey Gross Receipts as follows: or owns property in this State; or (6) maintains an office in
New Jersey Gross Receipts Minimum Tax this State, is required to file a return. A foreign corporation
Less than $100,000 $500 that is a partner of a New Jersey partnership is deemed sub-
$100,000 or more but less than $250,000 $750 ject to tax in the state and must file a return.
$250,000 or more but less than $500,000 $1,000 (c) Foreign corporations that meet the filing requirements and
$500,000 or more but less than $1,000,000 $1,500
whose income is immune from tax pursuant to Public Law
$1,000,000 or more $2,000
86-272, 15 U.S.C. § 381 et seq., must obtain and complete
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Schedule N, Nexus - Immune Activity Declaration, and all of (4) For tax years ending on and after July 31, 2019, com-
the schedules from the CBT-100-R. Public Law 86-272 filers bined returns are either mandatory or permitted.
are not subject to the surtax imposed by N.J.S.A. 54:10A-
5.41, and will enter zero on Page 1, line 12. Remit the al- (5) Internal Revenue Code section 199 was repealed for tax
ternative minimum tax or at least the minimum tax with the years beginning on and after January 1, 2018. A taxpayer
CBT-100-R. Refer to instruction 36. is not allowed an I.R.C. §199 deduction for New Jersey
corporation business tax purposes for tax years begin-
(d) Corporations that are “out of business” but have not dissolved ning on and after January 1, 2018.
or withdrawn their authority to do business in New Jersey, are
still obligated to file a return. A dissolution or withdrawal date Note: Internal Revenue Code section 199A was enacted
must be established on or before the last day of the current as a replacement for Internal Revenue Code sec-
taxable period in order to avoid having to file a return for the tion 199, effective for tax years beginning on and
next taxable period. after January 1, 2018, and applicable to individual
shareholders. New Jersey has decoupled from In-
14. SIGNATURE: Each return must be signed by an officer of the cor- ternal Revenue Code section 199A, for New Jer-
poration who is authorized to attest to the truth of the statements sey corporation business tax purposes. Therefore,
contained therein. The fact that an individual’s name is signed amounts that were deducted for federal purposes
on the return shall be prima facie evidence that such individual must be added back. Add back the amounts on
is authorized to sign the return on behalf of the corporation. Tax line 33(b), and if applicable attach a rider.
preparers who fail to sign the return or provide their assigned tax
identification number shall be liable for a $25 penalty for each (6) For tax years beginning on and after January 1, 2018,
such failure. If the tax preparer is not self-employed, the name of I.R.C. §951A and I.R.C. §250(b) amounts included in
the tax preparer’s employer and the employer’s tax identification income for federal purposes must be included for New
number should also be provided. In the case of a corporation in Jersey purposes. Include these amounts on Schedule A,
liquidation or in the hands of a receiver or trustee, certification lines 10a and/or 10b, respectively. There is an equiva-
shall be made by the person responsible for the conduct of the lent deduction allowable for New Jersey purposes in the
affairs of such corporation. amount of the deduction allowable and taken for federal
under I.R.C. §250(a). In completing Schedule A, a tax-
15. FINAL DETERMINATION OF NET INCOME BY FEDERAL payer must include the gross amounts of the income re-
GOVERNMENT: Any change or correction made by the Internal ported for federal purposes pursuant to I.R.C. §951A and
Revenue Service to the federal taxable income must be reported I.R.C. §250. A deduction is allowed based on the same
to the Division within ninety (90) days. To amend the New Jer- amounts of the deductions that were taken and allowed
sey return, use the form for the appropriate tax period and write for federal purposes. See Schedule A-6 (instruction 17)
“AMENDED RETURN” clearly on the front page of the form. Re- for more information. Enclose a copy of federal Sched-
fer to instruction 48 for additional information. ule 8992 and Schedule 8993 that was completed and
FEDERAL/STATE TAX AGREEMENT: The New Jersey Divi- submitted with federal Form 1120.
sion of Taxation and the Internal Revenue Service participate Note: I.R.C. §951A and I.R.C. §250(b) are not dividends nor are
in a Federal/State program for the mutual exchange of tax in- they deemed dividends; they are their own category of
formation to verify the accuracy and consistency of information income.
reported on federal and New Jersey tax returns.
(7) For tax years beginning on and after January 1, 2017,
16. SCHEDULE A – COMPUTATION OF ENTIRE NET INCOME: the Internal Revenue Code §965 net amounts reported
Every taxpayer must complete this schedule on the form pro-
for Federal purposes must be reported on line 33(b).
vided. Federal S corporations must also submit a copy of the
The I.R.C. §965(a) amounts must be included on Sched-
corresponding federal income tax return. For New Jersey tax
ule P and Schedule R and Schedule RT, if applicable,
purposes, each such corporation will be taxed on the basis of its
and included accordingly on line 37a, Schedule A. The
entire net income in the same manner and to the same extent as
I.R.C. §965(c) deduction and any federally exempt I.R.C.
if no federal income tax election were permissible or had been
§965 amounts must be added back on line 33(e). Include
made. Refer to instruction 8.
a copy of the I.R.C. §965 Repatriation Tax Schedule filed
(a) GENERAL – LINES 1 THROUGH 38: with your federal return.
(1) If the corporation has filed a federal income tax return on
its own separate basis, the figures shown at lines 1 to 28 (b) Lines 8 and 9: Add a rider or schedules showing the same
must be the same as lines 1 to 28 on page 1 of the federal information shown on federal Form 1120, Schedule D and/
income tax return, Form 1120. or Form 4797. Gains and losses resulting from the dispo-
sition of property where a section 179 expense deduction
(2) If the corporation has not filed a separate federal income was passed through to S corporation shareholders are not
tax return or if the figures shown at lines 1 to 28 are not reported on federal Form 4797, and should be reported on
the same as lines 1 to 28 on page 1 of the federal income Schedule A, Line 10c. If a sale of shares of stock or part-
tax return, taxpayer must explain and reconcile the differ- nership interest resulted in a taxable transfer of a controlling
ences on a rider. interest in certain commercial real property under N.J.S.A.
(3) CONSOLIDATED RETURNS NOT PERMITTED: For 54:15C-1, indicate on a rider.
tax years ending on or before July 30, 2019, a corpora- (c) Line 28: This amount must agree with line 28, page 1, of the
tion that is included in a consolidated federal income tax taxpayer’s unconsolidated federal Form 1120 or the appropri-
return must complete lines 1 to 38 on its own separate ate line from the federal Form(s) 1120-IC-DISC, 1120-FSC,
basis without consolidation with any other corporation. or 1120-A, whichever is applicable.
Refer to instruction 8(a).

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(d) Line 29: Include any interest income that was not taxable for Neither a net operating loss deduction nor the dividend ex-
federal income tax purposes, and was not included in total clusion is an allowable deduction in computing a net operat-
income reported on line 28, Schedule A. ing loss. The statute authorizes a carryover of the deduction
for seven years. For losses occurring for any tax year ending
(e) Line 30: Enter the total amount of interest deducted on after June 30, 2009, the net operating loss carryover shall be
Schedule A that was paid to related members and reported twenty years. Net operating losses must be detailed on Form
on Schedule G, Part I. 500, which is available separately. To obtain these forms and
(f) Line 31: Enter the total taxes paid or accrued to the United related information, refer to the index on page 15.
States, a possession or territory of the United States, a state, (j) Line 37a: Dividends from all sources must be included in
a political subdivision thereof, or the District of Columbia, or Schedule A. However, an exclusion from entire net income
to any foreign country, state, province, territory or subdivi- for certain dividend income may be taken as indicated in
sions thereof, on or measured by profits or income, business Schedule R or Schedule PT, if applicable. Taxpayer may not
presence or business activity, including any foreign withhold- include money market fund income or REIT dividends as part
ing tax, or any sales and use tax paid by a utility vendor, of the dividend exclusion. The amount of the dividend ex-
taken as a deduction in Schedule A and reflected in line 28. clusion allowed to be taken as a deduction is limited to the
Refer to instruction 29. amount of income reported on line 36 of Schedule A for that
(g) Line 32: Enter the depreciation and other adjustments from tax year.
Schedule S. Refer to instruction 42. Line 37b: Subtract the amounts calculated on Schedule A-6,
(h) Line 33(a): DEDUCTION FOR FOREIGN TAXES DEEMED line 7.
PAID: The portion of any IRC Section 78 gross-up included Note: I.R.C. §951A and I.R.C. §250(b) are not dividends nor are
in dividend income on line 4, Schedule A that is not excluded they deemed dividends; they are their own category of
from entire net income on line 38, may be treated as a deduc- income.
tion. Attach a copy of federal foreign tax credit, Form 1118.
(l) RIGHT OF DIRECTOR TO CORRECT DISTORTIONS OF
Line 33(b): Report amounts of (1) adjustments not other- NET INCOME: The Director is authorized to adjust and re-
wise specifically provided for, (2) gross income, less deduc- determine items of gross receipts and expenses as may be
tions and expenses in connection therewith, from sources
outside the United States, not included in federal taxable necessary to make a fair and reasonable determination of tax
income, (3) the add back of any deductions for research and payable under the Corporation Business Tax Act. For details
experimental expenditures, to the extent that those research regarding the conditions under which this authority may be
and experimental expenditures are qualified research ex- exercised, refer to regulation N.J.A.C. 18:7-5.10.
penses or basic research payments for which an amount 17. SCHEDULE A-6 – IRC Section 250 Deduction GILTI and FDII:
of credit is claimed pursuant to section 1 of P.L.1993,c.175 For tax years beginning on and after January 1, 2018, a taxpayer
(C.54:10A-5.24) unless those research and experimen- that included the Internal Revenue Code section 951A (GILTI)
tal expenditures are also used to compute a federal credit
claimed pursuant to section 41 of the federal Internal Rev- and/or section 250(b) (FDII) amounts in entire net income is al-
enue Code of 1986, 26 U.S.C. s.41, and (4) federal Sec- lowed the full deduction of amounts that were allowable and for
tions 199 and 199A deductions. Attach separate riders ex- which the taxpayer had taken for federal purposes under Internal
plaining fully such items. For tax years beginning on and Revenue Code Section 250(a). However, a portion of the deduc-
after January 1, 2017, the Internal Revenue Code §965 tion will not be allowed to the extent the corresponding GILTI and
net amounts reported for Federal purposes must be re- FDII amounts are excluded or exempted from entire net income
ported on line 33(b). under any provision of the Corporation Business Tax Act. Com-
plete Schedule A-6 to calculate the allocated net GILTI and net
Line 33(c): Enter the net effect of the elimination of non- FDII amounts to report. Taxpayers will need information from the
operational activity or non-unitary partnership income and U.S. Bureau of Economic Analysis (www.bea.gov) to calculate
expenses from Schedule O, Part I, line 36. the allocation factor. Use the last quarter available prior to the
Line 33(d): Enter the total amount of interest and intangible end of your privilege period. Attach a rider of all the U.S. states
expenses and costs deducted on Schedule A that was paid (and the District of Columbia) in which the taxpayer has nexus.
to related members and reported on Schedule G, Part II. Enclose a copy of federal Schedule 8993 that was completed
and submitted with federal Form 1120.
Line 33(e): Add back any federally exempt I.R.C. §965
amounts and any I.R.C. §965(c) deductions taken for fed- Note: I.R.C. §951A and I.R.C. §250(b) are not dividends nor are
eral purposes. they deemed dividends; they are their own category of
income.
Line 33(f): See Schedule A-6 (instruction 17).
18. SCHEDULE A-2 – COST OF GOODS SOLD: The amounts re-
Line 33(g): For tax years beginning on and after January 1, ported on this schedule must be the same as the amounts re-
2018, all income that was exempt for federal income tax pur- ported on the taxpayer’s federal income tax return. When calcu-
poses under any provision of the Internal Revenue Code or lating the AMA, corporations must calculate the Cost of Goods
any federal law must be added back. If such amounts were Sold per the AMA instructions.
not added back on any other line of Schedule A, include
such amounts on Line 33(g) and include a rider detailing 19. SCHEDULE A-3 – SUMMARY OF TAX CREDITS: This sched-
such amounts and such provisions of the Internal Revenue ule must be completed if one or more tax credits are claimed for
Code. the current tax period. The total on line 24 must equal the amount
(i) Line 35: A net operating loss for a tax year may be carried
forward as a net operating loss deduction to a succeeding
year. A net operating loss is the excess of allowable deduc-
tions over gross income used in computing entire net income.
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reported on page 1, line 10. Refer to instruction 43 for tax credit Note: For taxpayers who were not required to file New Jersey
information. If an amount of credit to be refunded is calculated corporation business tax returns for any or all of the three
on a credit form that amount must be carried to page 1, line 19b, prior tax years, enter N/A on the appropriate line(s).
Refundable Tax Credit.
PART IV – Computing the Alternative Minimum Assessment
20. SCHEDULE A-4 – SUMMARY SCHEDULE: Every corporation based on Gross Profits: Enter amount of New Jersey Gross Prof-
must complete this schedule. Report the information on each line its (from Part II, line 5) on Schedule AM, Part IV, line 1. If New
of Schedule A-4 from the return schedules indicated. All lines Jersey Gross Profits are:
must be completed as applicable. Non-allocating taxpayers (a) Less than or equal to $1,000,000, the Alternative Minimum
must enter 1.000000 on the appropriate line(s). Assessment based on Gross Profits will be zero;
21. SCHEDULE A-5 – FEDERAL IRC SECTION 199 ADJUST- (b) Greater than $1,000,000, but not over $10,000,000, the Al-
MENT: Effective for tax years beginning after December 31, ternative Minimum Assessment will be .0025 times the gross
2004, a limited I.R.C. §199 deduction may be allowed for New profits in excess of $1,000,000, multiplied by the AMA exclu-
Jersey corporation business tax purposes on a separate entity sion rate of 1.11111;
basis. The Section 199 deduction which is allowable for New Jer- (c) Greater than $10,000,000, but not over $15,000,000, the Al-
sey corporation business tax purposes and entered on line 2, is ternative Minimum Assessment will be the gross profits mul-
computed on Form 501 which is available separately. To obtain tiplied by .0035;
this form, refer to the index on page 15. (d) Greater than $15,000,000, but not over $25,000,000, the Al-
Note: Internal Revenue Code section 199 was repealed for tax ternative Minimum Assessment will be the gross profits mul-
years beginning on and after January 1, 2018. A taxpayer tiplied by .006;
is not allowed an I.R.C. §199 deduction. (e) Greater than $25,000,000, but not over $37,500,000, the Al-
ternative Minimum Assessment will be the gross profits mul-
22. SCHEDULE A-GR – COMPUTATION OF NEW JERSEY tiplied by .007;
GROSS RECEIPTS AND MINIMUM TAX: If the greater of the
amounts reported on page 1, lines 13 or 14 is less than $2,000, (f) Greater than $37,500,000, the Alternative Minimum Assess-
complete this schedule. Enter the greater of the computed tax li- ment will be the gross profits multiplied by .008.
ability or the amount on Schedule A-GR, line 7 on page 1, line 15. PART V – Computing the Alternative Minimum Assessment
If the taxpayer is part of an affiliated group whose total payroll is based on Gross Receipts: New Jersey gross receipts are used in
$5,000,000 or more, the minimum tax is $2,000 regardless of the Schedule AM, Part V to determine the amount of tax due under
amount of the taxpayer’s New Jersey gross receipts, and Sched- the gross receipts method. This method takes New Jersey gross
ule A-GR need not be completed. receipts and multiplies them by a certain percentage based on
the receipt amount.
23. SCHEDULE AM – ALTERNATIVE MINIMUM ASSESSMENT
FOR C CORPORATIONS: For tax years beginning on or after Enter amount of New Jersey Gross Receipts (from Part I, line 5)
January 1, 2002, all New Jersey taxpayers, unless otherwise on Schedule AM, Part V, line 1. If New Jersey gross receipts are:
exempted, are required to pay a New Jersey Corporate Tax (a) Less than or equal to $2,000,000, the Alternative Minimum
computed pursuant to Section 5 of P.L. 1945, (C.54:10A-5), or Assessment based on Gross Receipts will be zero;
the elected Alternative Minimum Tax, whichever is greater. For (b) Greater than $2,000,000, but not over $20,000,000, the Alter-
returns with tax years beginning after June 30, 2006, there is no native Minimum Assessment will be .00125 times the gross
AMA, except for taxpayers claiming P.L. 86-272 immunity. There receipts in excess of $2,000,000, multiplied by the AMA ex-
are two methods of determining the Alternative Minimum assess- clusion rate of 1.11111;
ment: (a) based upon New Jersey Gross Receipts, and (b) based
upon New Jersey Gross Profits. (c) Greater than $20,000,000, but not over $30,000,000, the
Alternative Minimum Assessment will be the gross receipts
PART I – computes New Jersey gross receipts, which equals the multiplied by .00175;
total of (1) sales of tangible personal property where shipment is
made to points within this state, appropriation to the orders where (d) Greater than $30,000,000, but not over $50,000,000, the
shipment is made to points within this state, (2) services per- Alternative Minimum Assessment will be the gross receipts
formed within the state, (3) rentals from properties situated, (4) multiplied by .003;
royalties from the use of patents or copyrights, within the state, (e) Greater than $50,000,000, but not over $75,000,000, the
and (5) all other business receipts earned within the state. Invest- Alternative Minimum Assessment will be the gross receipts
ment income received by a taxpayer through ownership in a for- multiplied by .0035;
eign or domestic entity is considered gross receipts for purposes
of computing the taxpayer’s alternative minimum assessment. (f) Greater than $75,000,000, the Alternative Minimum Assess-
ment will be the gross receipts multiplied by .004.
PART II – New Jersey gross receipts from Part I are used in
Part II to compute New Jersey gross profits. This is calculated by PART VI – For the first tax year, the taxpayer has the option
subtracting New Jersey cost of goods sold from total New Jersey to select the computation method of the Alternative Minimum
gross receipts. New Jersey cost of goods sold is computed by Assessment, either based on Gross Profits or Gross Receipts.
multiplying the total cost of goods sold (from Schedule A-2, line However, once selected, the method must be employed for
8) by the New Jersey allocation factor or the receipts fraction of that tax year, and for the next succeeding four tax periods.
the allocation factor from Schedule J. The maximum Alternative Minimum Assessment for an individual
NJ Gross Receipts (from Schedule AM, Part I, line 6) corporation for a tax year will be $5,000,000. Taxpayer will enter
the lesser of the elected alternative minimum assessment (from
- NJ Cost of Goods Sold (from Schedule AM, Part II, line 4) Schedule AM, Part VI, line 4), or $5,000,000, on Schedule AM,
= New Jersey Gross Profits Part V, line 5. Taxpayer will enter amount from Schedule AM,
PART III – reports the New Jersey Gross Receipts and the New Part VI, line 5, on page 1 of CBT-100-R, line 14.
Jersey Costs of Goods Sold historically for the current year and
the past 3 years.
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The amount of tax due for the tax year will be the greater of exceptions that are reported for the purposes of Part I
the elected Alternative Minimum Assessment, or the traditional and Part II.
corporate tax (computed pursuant to Section 5 of P.L. 1945,
(C.54:10A-5)). Definitions:
Related member means a person that, with respect to the tax-
24. SCHEDULE B – BALANCE SHEET: Every taxpayer must com- payer during all or any portion of the tax year is (1) a related
plete this schedule. The amounts reported must be the same as entity, (2) a component member as defined in subsection (b) of
the year-end figures shown on the taxpayer’s books. A taxpayer section 1563, of the federal Internal Revenue Code of 1986, 26
that is included in a consolidated federal income tax return must U.S.C. s.1563, (3) a person to or from whom there is attribution
complete this schedule on its own separate basis. of stock ownership in accordance with subsection (e) of section
1563 of the federal Internal Revenue Code of 1986, 26 U.S.C.
25. SCHEDULE C – RECONCILIATION OF INCOME PER BOOKS s.1563 or (4) a person that, notwithstanding its form of organi-
WITH INCOME PER RETURN AND SCHEDULE C-1 – ANALYSIS zation, bears the same relationship to the taxpayer as a person
OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS: described in (1) through (3) of this definition.
(a) Every corporation must complete these schedules or submit
legible copies of Schedules M-1 and M-2 from their uncon- Related entity means (1) a stockholder who is an individual or
a member of the stockholder’s family enumerated in section 318
solidated federal Form 1120. For requirements relating to re- of the federal Internal Revenue Code of 1986 26 U.S.C. s.318,
production of federal tax schedules, see instruction 31. if the stockholder and the members of the stockholder’s family
(b) Line 8 of Schedule M-2 must correspond with the unappro- own, directly, indirectly, beneficially or constructively, in the ag-
priated retained earnings reported for the end of the tax year gregate, at least 50% of the value of the taxpayer’s outstanding
on Schedule B. stock; (2) a stockholder, or a stockholder’s partnership, limited
liability company, estate, trust or corporation, if the stockholder
(c) If taxpayer files federal Schedule M-3, New Jersey Schedule C and the stockholder’s partnerships, limited liability companies,
must still be filed, and a copy of federal Schedule M-3 must estates, trusts and corporations own directly, indirectly, benefi-
be attached to taxpayer’s New Jersey CBT-100-R return. If cially or constructively, in the aggregate, at least 50% of the value
the taxpayer is part of a consolidated filing, then the federal of the taxpayer’s outstanding stock; or (3) a corporation, or a
Schedule M-3 must be on a separate entity basis. party related to the corporation in a manner that would require an
attribution of stock from the corporation to the party or from the
26. SCHEDULE E – GENERAL INFORMATION: All taxpayers must party to the corporation under the attribution rules of the federal
answer all questions on this schedule. In addition, riders must be Internal Revenue Code of 1986, 26 U.S.C. s.318, if the taxpayer
submitted if necessary in answering the questions. owns, directly, indirectly, beneficially or constructively, at least
50% of the value of the corporation’s outstanding stock. The at-
27. SCHEDULE F – CORPORATE OFFICERS – GENERAL IN- tribution rules of the federal Internal Revenue Code of 1986, 26
FORMATION AND COMPENSATION: All applicable informa- U.S.C. s.318, shall apply for purposes of determining whether
tion should be provided for each corporate officer regardless of the ownership requirements of this definition have been met.
whether or not compensation was received.
Intangible expenses and costs includes (1) expenses, losses,
28. SCHEDULE G – PART I – INTEREST: Interest paid, accrued, and costs, for, related to, or in connection directly or indirectly
or incurred to related members that was deducted in computing with the direct or indirect acquisition, use, maintenance or man-
taxable net income on line 28 of Schedule A must be reported agement, ownership, sale, exchange, or any other disposition of
on Schedule G, Part I. Enter the total of such interest expense intangible property to the extent such amounts are allowed as
on line 30 of Schedule A. Do not include interest expenses and deductions or costs in determining taxable income before op-
costs that were deducted directly or indirectly for, related to, or erating loss deduction and special deductions for the tax year
in connection with the direct or indirect acquisition, maintenance, under the federal Internal Revenue Code of 1986, 26 U.S.C. s.1
management, ownership, sale, exchange, or disposition of intan- et seq., (2) losses related to, or incurred in connection directly or
gible property in Part I. These expenses and costs are, however, indirectly with factoring transactions or discounting transactions,
required to be included in Part II. (3) royalty, patent, technical and copyright fees, (4) licensing
fees, and (5) other similar expenses and costs.
Note: For tax years beginning on or after January 1, 2018, means patents, patent applications, trade
Intangible Property
the treaty exceptions have been limited pursuant to names, trademarks, service marks, copyrights, mask works,
P.L. 2018, c. 48. trade secrets and similar types of intangible assets.
SCHEDULE G – PART II – INTEREST EXPENSES AND Intangible Interest Expenses and Costs means amounts di-
COSTS AND INTANGIBLE EXPENSES AND COSTS: Interest rectly or indirectly allowed as deductions under section 163 of
expenses and costs and intangible expenses and costs directly the federal Internal Revenue Code of 1986 26 U.S.C. s.163, for
or indirectly paid, accrued, or incurred to, or in connection directly purposes of determining taxable income under the code to the
or indirectly with one or more direct or indirect transactions with extent such expenses and costs are directly or indirectly for, re-
one or more related members which were deducted in computing lated to, or in connection with the direct or indirect acquisition,
taxable net income on line 28 of Schedule A must be reported on maintenance, management, ownership, sale, exchange or dis-
Schedule G, Part II. Enter the total of such intangible expenses position of intangible property.
and costs on line 33(d) of Schedule A. Itemize all taxes which were in any way
29. SCHEDULE H – TAXES:
Exceptions: If the taxpayer is claiming an exception to the dis- deducted in arriving at taxable net income, whether reflected at
allowance of the expense reported in Part I or Part II, then the line 2 (Cost of goods sold and/or operations), line 17 (Taxes),
taxpayer must complete and attach Schedule G-2. This schedule line 26 (Other deductions) or anywhere else on Schedule A. Also
may be obtained from the Division of Taxation’s website. See refer to instruction 16(f).
index on page 15.
30. SCHEDULE I – CERTIFICATION OF INACTIVITY: In lieu of
Note: For tax years beginning on and after January 1, 2018, completing the entire tax return, an inactive corporation may
there are additional requirements to meet the treaty complete this schedule along with pages 1 through 4 of the tax
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return. Payment for the related minimum tax and the installment and deemed dividend values on Schedule R, Part
payment (if applicable) must be submitted electronically with II, Section B, line 4 or Section C, line 4, or Schedule
Form CBT-100-V. An inactive corporation is a corporation that, PT, as applicable, are included in the numerator or
during the entire period covered by the tax return, did not conduct denominator.
any business, did not have any income, receipts, or expenses,
and did not own any assets. (c) GILTI and FDII: In order to calculate a fair and equita-
ble tax and prevent distortion to the allocation factor,
31. OPTIONAL COPIES OF SCHEDULES C AND C-1: Any tax- Schedule A-6 has been created to allocate the net
payer that files an unconsolidated federal Form 1120 with the IRC section 951A (GILTI) and net IRC section 250(b)
Internal Revenue Service may submit copies of Schedules M-1 (FDII) amounts. Do not include GILTI and FDII in ei-
and M-2 of that return in lieu of completing Schedules C and C-1 ther the numerator or denominator. In addition, do not
of the CBT-100-R. The copies must be legible and each page include the underlying receipts of the controlled for-
must include the taxpayer’s name and tax identification number. eign corporation generating the GILTI in the numera-
tor or denominator.
32. SCHEDULE J – GENERAL INSTRUCTIONS:
(a) ALLOCATION PERCENTAGES: In computing the allocation (iii) Line 1(h) – The allocation factor is now computed as a single
factor in Schedule J, division must be carried to six (6) deci- sales fraction, line 1(f) (New Jersey based receipts) divided
mal places, e.g. 0.123456. by line 1(g) (Total Receipts everywhere).
(b) Effective for returns beginning after July 1, 2010, all corpora- 34. SCHEDULE L – INVESTMENT COMPANIES:
tions are entitled to allocate. (a) Every taxpayer electing to report as an Investment Company
must meet the qualifications contained in this schedule. See
(c) Effective for returns with tax years beginning on or after Janu-
instruction 35 and Schedule M for Regulated Investment
ary 1, 2014, will have a 100% weighted receipts fraction only.
Companies.
(d) Only activities related to operational activity are to be used in
(b)
computing the general allocation factors. If the taxpayer has ELECTION TO REPORT AS AN INVESTMENT COMPANY:
The election is effective only for the particular year covered
non-operational activity, refer to Schedule O.
by the return.
33. SCHEDULE J PART II:
(A) COMPUTATION OF ALLOCATION FACTOR:This schedule 35. SCHEDULE M – REGULATED INVESTMENT COMPANIES –
may be omitted if the taxpayer does not have activity outside REAL ESTATE INVESTMENT TRUSTS – GENERAL INFOR-
of New Jersey. MATION: This schedule must be completed by every taxpayer
electing to report as a Regulated Investment Company or a Real
(i) Line 1(a)-1(d) RECEIPTS FRACTION: Receipts from Estate Investment Trust. The election is effective only for the par-
sales of tangible personal property are allocated to New ticular year covered by the return.
Jersey where the goods are shipped to points within New Note: Regulated Investment Companies only complete
Jersey. Receipts from the sale of goods are allocable to Schedule M, pages 1 through 4 of the CBT-100-R, and
New Jersey if shipped to a New Jersey or a non-New Schedule A-GR (if applicable) on page 5 of the CBT-100.
Jersey customer where possession is transferred in New
Jersey. Receipts from the sale of goods shipped to a tax- 36. SCHEDULE N – NEXUS - IMMUNE ACTIVITY DECLARATION:
payer from outside of New Jersey to a New Jersey cus- Foreign corporations that claim their income is immune from tax-
tomer by a common carrier are allocable to New Jersey. ation pursuant to Public Law 86-272, 15 U.S.C. §381 et seq.,
Receipts from the sale of goods shipped from outside of must complete Schedule N and file it with the CBT-100-R. This
New Jersey to a New Jersey location where the goods schedule is available on Division of Taxation’s website.
are picked up by a common carrier and transported to a 37. SCHEDULE O – NONOPERATIONAL ACTIVITY: Corpora-
customer outside of New Jersey are not allocable to New tions that claim to have nonoperational activity, nonoperational
Jersey. Receipts from the following are allocable to New assets, or nonunitary partnership investments must complete
Jersey: services performed in New Jersey; rentals from Schedule O and file it with the CBT-100-R. This schedule is avail-
property situated in New Jersey; royalties from the use in able on the Division of Taxation’s website.
New Jersey of patents or copyrights; all other business
receipts earned in New Jersey. Note: You cannot net nonoperational against operational income.
(ii) Line 1(e) and 1(g) 38. SCHEDULE P – SUBSIDIARY INVESTMENT ANALYSIS: Item-
(a) RECEIPTS FROM SALES OF CAPITAL ASSETS: ize the investment in each subsidiary company, showing the
Receipts from sales of capital assets (property not name of each subsidiary, the percentage of interest held in each
held by the taxpayer for sale to customers in the reg- company, the individual book value included in the balance sheet
ular course of business), either within or outside New for each subsidiary investment and the amount of dividends paid
Jersey, should be included in the numerator and the and/or deemed received from each subsidiary that is included in
denominator based upon the net gain recognized and gross income on Schedule A. Part I is for reporting information
not upon gross selling prices. If the taxpayer’s busi- from domestic subsidiaries. Part II is for reporting information on
ness is the buying and selling of real estate or the foreign subsidiaries. Do not include advances or other receiv-
buying and selling of securities for trading purposes, ables due to subsidiaries in the book value reported at Column 3.
gross receipts from the sale of such assets should be ote: GILTI and FDII are not dividends or deemed dividends for
N
included in the numerator and the denominator of the New Jersey purposes. The gross IRC 965(a) amount must
receipts fraction. be included on Schedule P, not the net IRC 965 amount.
(b) DIVIDEND INCOME: The amount of dividends ex-
39. SCHEDULE P-1 – PARTNERSHIP INVESTMENT ANALYSIS:
cluded from entire net income at line 37a, Schedule Itemize the investment in each partnership, limited liability com-
A, must not be included in the numerator or denomi- pany and any other entity that is treated for federal tax purposes
nator of the receipts fraction. However, the dividends
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as a partnership. List the name, the Federal Identification Num- voting power of all classes of stock entitled to vote and at
ber, and the date and state where organized for each partner- least 80% of the total number of shares of all other classes
ship. Also, check the type of ownership (general or limited), the of stock, except non-voting stock which is limited and pre-
tax accounting method used to reflect your share of partnership ferred as to dividends. With respect to other dividends, the
activity on this return (flow through method or separate ac- exclusion shall be limited to 50% of such dividends included
counting) and whether or not the partnership has nexus in New in the taxpayer’s gross income on Schedule A, provided the
Jersey. Itemize in Column 7 the amount of tax payments made taxpayer owns at least 50% of voting stock and 50% of the
on behalf of the taxpayer by partnership entities. Carry the to- total number of shares of all other classes of stock. Taxpay-
tal amount of taxes paid on behalf of taxpayer to page 1, line ers shall not include money market fund or REIT income
19(a). Attach a copy of Schedule NJK-1 from Form NJ-1065 if as part of the dividend exclusion. Refer to instruction 16(j).
the partnership is filing in New Jersey. Any one member limited Part II of Schedule R is used for calculating the 5% of divi-
liability company should be included on this schedule. Corpo- dend income received by a taxpayer from a 80% or greater
rations who claim that their partnership investments are non- owned subsidiary that is includable in entire net income and
unitary and therefore are utilizing the Separate Tax Accounting is subject to a special statutory allocation factor, which is
Method must complete Schedule O to report this activity and the lower of the three-privilege period average allocation
compute the appropriate amount of tax. factor of the 2014 through 2016 allocation factors filed by
the taxpayer on their tax returns or 3.5%. If one of those
40. SCHEDULE PC – PER CAPITA LICENSED PROFESSIONAL returns was a short-year return, the allocation from that
FEE: year will count for the special three-year average allocation
(a) Professional Corporations (PC) formed under N.J.S.A. formula. If the taxpayer has filed fewer than three periods,
14A:17-1 et seq. or any similar laws of a possession or ter- take the average of the periods being reported. All alloca-
ritory of the US, a state, or political subdivision thereof, are tion factors must be carried out to 6 decimal places.
liable for a fee on Licensed Professionals.
Note: The tiered divided exclusion from certain subsidiaries
(b) Per N.J.S.A. 14A:17-3, examples of licensed professionals is calculated separately on Schedule RT since it is an
are: certified public accountants, architects, optometrists, allocated dividend exclusion.
professional engineers, land surveyors, land planners,
chiropractors, physical therapists, registered professional (b) Schedule RT – Tiered Subsidiary Dividend Exclusion:
nurses, dentist, osteopaths, physicians and surgeons, Taxpayers may exclude dividends received from a subsid-
doctors of medicine, doctors of dentistry, podiatrists, chi- iary that have filed a tax return and paid New Jersey cor-
ropodists, veterinarians and, subject to the Rules of the Su- poration business tax on the dividends received from other
preme Court, attorneys at law. subsidiaries to the extent such dividends were included
in the subsidiary’s allocated entire net income. The tax
(c) The fee is assessed provided there are more than two pro- the subsidiary paid on the dividends must have exceeded
fessionals in the PC. The fee is assessed on profession- the minimum tax, unless the subsidiary also used its New
als that are owners, shareholders, and/or employees of Jersey tax credits. The total excludable tiered subsidiary
the Professional Corporation. The number of professionals amounts reported on Schedule RT are used on Part II of
should be calculated using a quarterly average. The fee for Schedule R or Part III of Schedule PT, if applicable, to cal-
each resident and nonresident professional with physical culate the allocated tiered dividend deductible against allo-
nexus with New Jersey is $150. The fee for each nonresi- cated entire net income.
dent professional without physical nexus with New Jersey
is $150 multiplied by the allocation factor of the corporation. Note: See N.J.S.A. 54:10A-4(k)(5)(C).
The fee is limited to $250,000 per year.
(c) Schedule PT – Previously Taxed Dividends: If you had
(d) In the event of a period shorter than a year, the fee and subsidiary dividend income that was reported in a previ-
limit may be prorated by months. A fraction of a month is ous tax year for New Jersey Corporation Business Tax pur-
deemed to be a month. poses and for which you paid greater than the New Jersey
minimum tax in that tax year and those same dividends
(e) Line 2 – Installment Payment: A fifty percent (50%) prepay- are included in your entire net income this tax year, com-
ment towards the subsequent year’s fee is required with the plete Schedule PT in lieu of Schedule R. Schedule PT is
current year’s return. available separately. See the index in the instructions for
(f) Line 6 – Credit: Amount to be credited towards next year’s information on obtaining the schedule.
fee. This fee is not eligible for refund. 42. SCHEDULE S – DEPRECIATION AND SAFE HARBOR LEAS-
41. SCHEDULE R, SCHEDULE RT, AND SCHEDULE PT – ING: All taxpayers except for gas, electric and gas and electric
DIVIDEND EXCLUSIONS: utilities (who must complete Schedule S, Part III), must com-
plete this schedule and must submit a copy of a completed fed-
Note: GILTI and FDII are not dividends or deemed dividends
eral Depreciation Schedule, Form 4562 even if it is not required
for New Jersey purposes. The gross IRC 965(a) amount
for federal purposes. Schedule S provides for adjustments to
must be included on Schedule R and Schedule RT, and
depreciation and certain safe harbor leasing transactions.
Schedule PT, not the net IRC 965 amount.
(a) Schedule R – Dividend Exclusion: Taxpayers may ex- SCHEDULE S – PART I
clude from entire net income 95% of dividends from qual- Line 11 Additions:
(a) Add any depreciation or cost recovery (ACRS and MACRS)
ified subsidiaries, if such dividends were included in the
that was deducted in arriving at federal taxable income on
taxpayer’s gross income on Schedule A. The calculation
recovery property placed in service on or after January 1,
is done in Part I and Part II of Schedule R (see N.J.S.A.
1981, and prior to taxpayers’ accounting periods beginning
54:10A-4(k)(5)). A qualified subsidiary is defined as owner-
on and after July 7, 1993.
ship by the taxpayer of at least 80% of the total combined
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 (b)  Add any 30% or 50% bonus depreciation amounts and fed-             in the absence of that election, it may claim depreciation on 
 eral depreciation calculations that were deducted in arriving           the property in accordance with 12(a) of this instruction.
 at federal taxable income on recovery property placed in 
 service during accounting periods beginning on and after            (f)  Gain or loss on property sold or exchanged is the amount 
 January 1, 2002, for which federal 30% or 50% bonus de-                 properly to be recognized  in the determination  of federal 
 preciation was taken. Include the initial 30% or 50% bonus              taxable income. However, on the physical disposal of re-
 amount and the regular depreciation on the adjusted basis.              covery property, whether or not a gain or loss is properly to 
                                                                         be recognized under the Federal Internal Revenue Code, 
 (c)  Add distributive share of  ACRS and MACRS from  a                  there shall be allowed as a deduction any excess, or there 
 partnership.                                                            must be restored as an item of income, any deficiency of 
                                                                         depreciation disallowed at line 11(a) and (b) over related 
 (d)  Add any interest, amortization or transactional costs, rent,       depreciation claimed on that property at line 12(a) and (b). 
 or any other deduction that was claimed in arriving at fed-             A statutory merger or consolidation shall not constitute a 
 eral taxable income as a result of a “safe harbor leasing”              disposal of recovery property.
 election made under Section 168(f)(8) of the Federal Inter-
 nal Revenue Code; provided, however, any such amount                (g)  Deduct other New Jersey depreciation not accounted for on 
 with respect to a qualified mass commuting vehicle pursu-               lines a through f. 
 ant to the Federal Internal Revenue Code Section 168(f)(8)
 (D)(v) need not be added back to net income.                        Note:  Uncoupling  of ACRS and MACRS is not required  for 
                                                                          property placed into service during accounting periods 
 (e)  The $100,000 bonus section 179 deduction is partially dis-          beginning on or after July 7, 1993.
 allowed. Section 179 deduction is limited to a maximum of 
 $25,000, which was the maximum allowance for tax years              SCHEDULE S – PART II (B)
 after 2002 per the Internal Revenue Code before the bonus           All taxpayers must complete this schedule in order to compute 
 deduction was enacted. Enter on line 11(e) the difference           their New Jersey depreciation allowable for assets placed in 
 between the federal expense and the expense allowable for           service during accounting periods beginning on and after Jan-
 New Jersey purposes.                                                uary 1, 2002, and for which federal 30% or 50% bonus depre-
                                                                     ciation was taken and/or for which excess section 179 depre-
 (f)  New Jersey decoupled from the federal tax code provisions      ciation was disallowed and added back per Schedule S, Part I, 
 on cost recovery or depreciation and is statutorily tied to the     line 11(e). The form as is can be used for all applicable assets. 
 federal depreciation laws that were in effect as of Decem-          Identification should be reported in Column A (30% bonus, 50% 
 ber 31, 2001, and does not conform to the Tax Cuts and              bonus, excess section 179). The basis is to be determined at 
 Jobs Act.                                                           the date property is placed in service and not as provided after 
                                                                     taking the 30% or 50% first-year depreciation allowance.
 Line 12 Deductions:
 (a)  Deduct depreciation  on property placed  in service after      SCHEDULE S – PART III
 1980  and  prior  to  taxpayers’  fiscal  or  calendar  account-    (a)  All gas, electric, and gas and electric utilities must  com-
 ing periods beginning on and after July 7, 1993, on which               plete this schedule in order to compute their New Jersey 
 ACRS and MACRS has been disallowed under 10(a) of this                  depreciation allowable for the single asset account which 
 instruction using any method, life and salvage value that               is comprised of all depreciable property placed in service 
 would have been allowable under the Federal Internal Rev-               prior to January 1, 1998. The basis of this asset account will 
 enue Code at December 31, 1980, but using the federal                   be the total federal depreciable basis as of December 31, 
 basis for depreciation on the date the property was placed              1997, plus the excess of the book depreciable basis over 
 in service. Refer to Schedule S, Part II (A).                           the federal tax basis as of December 31, 1997. This basis 
                                                                         will be reduced yearly by the federal basis of these assets 
 (b)  Deduct recomputed depreciation for assets placed in ser-           sold, retired or disposed of from January 1, 1998 to date.
 vice during accounting  periods beginning  on and after 
 January 1, 2002, and for which federal 30% or 50% bonus             (b)  All taxpayers must complete Schedule S, Part I, lines 11(b), 
 depreciation was taken under 11(b) of this instruction using            12(b), 12(f), and 13 as well as Schedule S, Part II (B) in 
 the same method and life that would have been allowable                 order to compute their New Jersey depreciation allowable 
 for federal purposes, but using the federal basis for depre-            for assets placed in service during accounting periods be-
 ciation on the date the property was placed in service and              ginning on and after January 1, 2002, and for which federal 
 not as provided after taking the 30% or 50% first-year de-              30% or 50% bonus depreciation was taken. The basis is 
 preciation allowance. Refer to Schedule S, Part II (B).                 to be determined at the date property is placed in service 
                                                                         and not as provided after taking the 30% or 50% first-year 
 (c)  Deduct recomputed depreciation attributable to distributive        depreciation allowance.
 share of recovery property from a partnership.
                                                                    43. TAX CREDITS: (Refer to instruction 19)
 (d)  Deduct any item of income included in arriving at federal      (a) ANGEL INVESTOR TAX CREDIT – FORM 321: Taxpay-
 taxable income solely as a result of a “safe harbor leasing”            ers that have been approved by the New Jersey Economic 
 election  made under Section 168(f)(8) of the Federal In-               Development Authority may be allowed a tax credit for a 
 ternal Revenue Code provided, however, that any such in-                qualified investment in a New Jersey emerging technology 
 come which relates to a qualified mass commuting vehicle                company. To claim this credit, the taxpayer must complete 
 pursuant to Federal Internal Revenue Code Section 168(f)                Form 321 and attach it to the return. To obtain this form 
 (8)(D)(v) cannot be deducted from net income.                           and related information, refer to the index on page 15. If an 
 (e)  If the user/lessee of qualified lease property, which is pre-      amount of credit to be refunded is calculated on the credit 
 cluded from claiming a deduction for rent under 10(c) of this           form, that amount must be carried to page 1, line 19b, Re-
 instruction, would have been entitled to cost recovery on               fundable Tax Credits. See instruction 45(f).
 property that is subject to such “safe harbor lease” election 
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(b) GROW NEW JERSEY TAX CREDIT – FORM 320: Taxpay- being created. It will be posted online as soon as it
ers that have been approved by the New Jersey Economic becomes available.
Development Authority may be allowed a tax credit for a cap-
ital investment made in a qualified incentive area. To claim (h) SHELTERED WORKSHOP TAX CREDIT – FORM 317: A
this credit, the taxpayer must complete Form 320 and attach taxpayer that provides employment to qualified handicapped
it to the return. To obtain this form and related information, persons at sheltered workshops may be able to claim this tax
refer to the index on page 15. credit. In general, the credit is allowed in an amount equal to
20% of the salary and wages paid during the tax year for the
(c) WIND ENERGY FACILITY TAX CREDIT – FORM 322: A employment of a qualified person not to exceed $1,000 for
Wind Energy Facility tax credit is awarded to businesses for each qualified person for the tax year.
qualified wind energy facility located within an eligible wind
energy zone approved by the Economic Development Au- To claim this credit, the taxpayer must complete Form 317
thority. The business must have at least $50,000,000 in cap- and attach it to the tax return. To obtain this form and related
ital investments into a qualifying facility. A tenant of the busi- information, refer to the index on page 15.
ness can qualify if there are at least $17,500,000 in capital (i) AMA TAX CREDIT – FORM 315: A taxpayer who in a previ-
investments made in the area being leased in the qualifying ous year(s) paid an Alternative Minimum Assessment (AMA)
facilities. Additionally, 300 new full time employees who are liability that was in excess of the regular corporation business
subject to the New Jersey Gross Income Tax or are from a tax liability may take a credit against its regular corporation
state that has reciprocity with New Jersey, must have been business tax liability subject to the following limitations.
hired that do not qualify for certain other tax credits as enu-
merated in N.J.S.A.34:1B-209.4(3). The credit taken shall not reduce the taxpayer’s corporation
business tax liability to less than the Alternative Minimum
To claim this credit, the taxpayer must complete Form 322 Assessment, nor to below the minimum tax due ($500 or
and attach it to the return. To obtain this form and related $2,000).
information, refer to the index on page 15.
To claim the AMA Tax Credit, the taxpayer must complete
(d) URBAN TRANSIT HUB TAX CREDIT – FORM 319: Taxpay- Form 315 and attach it to the return. To obtain this form, refer
ers that have been approved by the New Jersey Economic to the index on page 15.
Development Authority may be allowed a tax credit for capi-
tal investments made in qualified business facilities that are (j) ECONOMIC RECOVERY TAX CREDIT – FORM 313: A tax-
located within eligible municipalities. To claim this credit, the payer that is engaged in the conduct of business within a
taxpayer must complete Form 319 and attach it to the return. qualified municipality and who is not receiving a benefit un-
To obtain this form and related information, refer to the index der the “New Jersey Urban Enterprise Zones Act” may claim
on page 15. a tax credit equal to $2,500 for each new full-time position at
that location in credit year one and $1,250 for each new full-
(e) BUSINESS RETENTION AND RELOCATION TAX CREDIT time position at that location in credit year two.
– FORM 316: A taxpayer that has entered into a project
agreement with the New Jersey Commerce Commission and To claim this credit, the taxpayer must complete Form 313
received qualification for a grant of tax credits may be able and attach it to the tax return. To obtain this form and related
to claim this tax credit. Form 316 must be completed and information, refer to the index on page 15.
attached to the tax return. To obtain this form and related (k) EFFLUENT EQUIPMENT TAX CREDIT – FORM 312: A tax-
information, refer to the index on page 15. payer that purchases treatment or conveyance equipment
(f) NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT for use in treatment of effluent for reuse in an industrial pro-
– FORM 311: A taxpayer that contributes financial assistance cess exclusively within New Jersey may be able to take a tax
to a nonprofit sponsor may be granted a certificate authoriz- credit. The credit is equal to 50% of the cost of the treatment
ing a tax credit that may be used to offset their corporation equipment or conveyance equipment less the amount of any
business tax liability. The tax credit may be granted in an loan received and excluding the amount of sales and use tax.
amount up to 100% of the approved assistance provided to a The amount of credit claimed for the tax year in which the
nonprofit organization to implement a qualified project that is purchase is made and the amount of credit claimed therefor
part of an approved neighborhood preservation and revital- in each tax period thereafter shall not exceed 20% of the
ization plan. The credit may not exceed $1,000,000 for any amount of the total credit allowable. A copy of the determina-
tax year. tion of environmentally beneficial operation issued by the De-
partment of Environmental Protection along with an affidavit
To claim this credit, the taxpayer must complete Form 311 affirming the equipment will only be used in New Jersey must
and attach it to the tax return. To obtain this form and related be filed with the tax return.
information, refer to the index on page 15.
To claim this credit, the taxpayer must complete Form 312
(g) FILM PRODUCTION TAX CREDIT – FORM 318: A taxpayer and attach it to the tax return. To obtain this form and related
that incurs qualified film production expenses in New Jersey information, refer to the index on page 15.
may be able to claim this credit. In general, the credit is al-
lowed in an amount equal to 20% of the qualified film pro- (l) HMO ASSISTANCE FUND TAX CREDIT – FORM 310: A
duction expenses subject to certain limitations. To claim this member organization may offset against its corporation busi-
credit, the taxpayer must complete Form 318 and attach it ness tax liability an amount of not more than 10% of any
to the tax return. To obtain this form and related information, assessment for each of the five tax years beginning on or af-
refer to the index on page 15. ter the third calendar year commencing after the assessment
was paid, except that no member organization may offset
Note: A new film and digital media production credit was es- more than 20% of its corporation business tax liability in any
tablished under P.L. 2018, c. 56, and a new form is one year.

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    To claim this credit, the taxpayer must complete Form 310              beginning on or after January 1, 1994, may be eligible for 
    and attach it to the tax return. To obtain this form and related       the Manufacturing Equipment and Employment Investment 
    information, refer to the index on page 15.                            Tax Credit. Such investment has the benefit of allowing a tax 
                                                                           credit computation for the tax year in which the investment 
(m) SMALL NEW JERSEY-BASED  HIGH-TECHNOLOGY                                was made as well as each of the following two tax years. The 
    BUSINESS INVESTMENT TAX CREDIT – FORM 308: A                           tax credit computation for the first year is based on the cost 
    taxpayer may claim a tax credit in an amount equal to 10%              of the qualified manufacturing equipment placed in service 
    of  the  qualified  investment  made  by  the  taxpayer  during        in New Jersey during that tax year. The computations for the 
    the tax year in a small-New Jersey-based high-technology               two following tax years are based on the average increase 
    business. The maximum allowable credit for each tax year               in New Jersey residents employed in New Jersey subject to 
    is $500,000 for each qualified investment made by the tax-             a limitation based on the cost of the investment made in the 
    payer. The small high-technology business must employ less             first year.
    than 225 employees, of which 75% must have jobs in New 
    Jersey.  The small high-technology  business  must conduct             The manufacturing equipment portion is limited to 2% (or 4%, 
    pilot scale manufacturing or qualified research in New Jer-            if applicable) of the investment credit base of qualified equip-
    sey in the fields of advanced computing, advanced materials,           ment placed in service in the tax year, up to a maximum al-
    biotechnology, electronic  device technology, environmental            lowed credit for the tax year of $1,000,000. The employment 
    technology, and medical device technology. P.L. 1997, c. 349           investment portion is valid for each of the two tax years next 
    (N.J.S.A. 54:10A-5.24b) expired for tax years beginning on             succeeding the tax year for which the manufacturing equip-
    and after July 1, 2001.                                                ment credit is allowed, but is limited to 3% of the investment 
                                                                           credit base, not to exceed a maximum allowable amount for 
    To claim this credit, the taxpayer must complete Form 308              each of the two tax years of $1,000 multiplied by the increase 
    and attach it to the tax return. To obtain this form and related       in the average number of qualified employees.
    information, refer to the index on page 15.
                                                                           To claim this credit, the taxpayer must complete Form 305 
(n)  NEW JOBS INVESTMENT TAX CREDIT – FORM 304: This                       and attach it to the tax return. To obtain this form and related 
    tax credit is available  for investment in new or expanded             information, refer to the index on page 15.
    business facilities that create new jobs in New Jersey. The 
    investment must create at least 5 new jobs (50 for large busi-     (p) RESEARCH  AND DEVELOPMENT TAX CREDIT – 
    nesses), and meet the median annual compensation require-              FORM 306: A taxpayer that has performed qualified research 
    ment for the current tax year. New investment is not eligible          activities in New Jersey may be eligible to claim the Research 
    for the credit unless the average value of all real and tangible       and Development Tax Credit. For tax years beginning prior to 
    personal property in this State has increased over the prior           January 1, 2018, the credit is based on the federal corporate 
    year.                                                                  income tax Research and Development credit permitted un-
                                                                           der Internal Revenue Code section 41 in effect on June 30, 
    The facilities must have been purchased from an unrelated              1992, which was not a refundable credit. 
    party during or after the taxpayer’s accounting period begin-
    ning on or after July 7, 1993, the effective date of this legisla-     For tax years beginning after January 1, 2018, the credit is 
    tion. It must be employed by the taxpayer in a taxable activity        based on the federal corporate income tax credit portion of 
    and must not have been in use during the 90 day period prior           the credit permitted under Internal Revenue Code section 41 
    to purchase. Investments that qualify for the Manufacturing            currently in effect without regard to any subsequent repeal 
    Equipment and Employment Investment Tax Credit cannot                  or action by Congress making the federal corporate income 
    also qualify for this credit.                                          tax credit refundable. The New Jersey Research and Devel-
                                                                           opment Tax Credit is 10% of certain qualifying expenses and 
    A new employee means a New Jersey resident, hired to fill              10% of certain qualifying payments based on the applicable 
    a regular, permanent position in this State that did not exist         rules, regulations, and methods allowable for computing the 
    prior to the qualified investment, and would not exist but for         federal corporate income tax Research  and Development 
    the qualified investment. The employee must be unrelated to            credit under Internal Revenue Code section 41. The amounts 
    the taxpayer and must not have been employed by the tax-               used by a taxpayer for computing the separate federal payroll 
    payer during the six months prior to the date the investment           tax credit pursuant to Internal Revenue Code section 41(h) 
    was placed in service or use.                                          and Internal Revenue Code section 3111(f) do not qualify for 
    The taxpayer cannot claim a credit for a number of new em-             the purposes of computing the New Jersey corporation busi-
    ployees that exceeds either the increase in the taxpayer’s av-         ness tax credit.
    erage employment for the tax year, or one-half the taxpayer’s          Qualified research is limited to scientific experimentation or 
    average employment for the year. Also, individuals counted             engineering activities designed to aid in the development of 
    in determining  the New  Jobs Factor must not be ones  for             a new or improved product, process, technique, formula, in-
    whom the taxpayer is allowed an Urban Enterprise Zone or               vention, or computer software programs held for sale, lease, 
    Urban Development Project Employees Tax Credit.                        or license, or used by the taxpayer in a trade or business. 
    A small or mid-sized business taxpayer must also meet the              For in-house research expenses (see Section 41(b)(2) of the 
    annual payroll and annual gross receipts requirements for              Internal Revenue Code), this trade or business requirement 
    the current tax year to qualify.                                       will be met if the taxpayer’s principal purpose for conducting 
                                                                           the research is to use the results of the research in the active 
    To claim this credit, the taxpayer must complete Form 304              conduct of a future trade or business (see Section 41(b)(4) of 
    and attach it to the tax return. To obtain this form and related       the Internal Revenue Code).
    information, refer to the index on page 15.
                                                                           To claim this credit, the taxpayer must complete Form 306 
(o) MANUFACTURING EQUIPMENT  AND EMPLOYMENT                                and attach it to the tax return. To obtain this form and related 
    INVESTMENT  TAX CREDIT – FORM  305: Investments                        information, refer to the index on page 15.
    in  qualified  manufacturing  equipment  made  in  tax  years 
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Note: Do not recompute your tax credit for tax years be- tax year. Qualifying employees must have been hired
ginning before January 1, 2018. You must report the after certification and must have worked six consecutive
credit you carried over from prior tax years. months in the tax year following the tax year in which
(q) RECYCLING EQUIPMENT TAX CREDIT – FORM 303: A employment began. To claim the credit, a completed
taxpayer that purchased qualified recycling equipment on Form 300 must be attached to the tax return.
or after October 1, 1987, and received a certification for this (2) Investment Tax Credit – Form 301: A qualified busi-
equipment from the Commissioner of the Department of ness that is not entitled to an employees tax credit may
Environmental Protection may be eligible to claim the Recy- be entitled to the investment tax credit. This credit is
cling Equipment Tax Credit. The recycling equipment must only available to an employer with less than 50 employ-
have been used exclusively within New Jersey, except for ees. The investment must be at least $5,000 if there are
vehicles which must have been used primarily within New 10 or fewer employees, and increases by $500 for each
Jersey. additional employee. To qualify for the credit, the invest-
The legislation governing this tax credit expired on Decem- ment must be approved by the Urban Enterprise Zones
ber 31, 1996, however, any unused credits claimed prior Authority. A completed Form 301 must be attached to
to January 1, 1997, can be taken on the current tax return the tax return to validate the investment tax credit claim.
subject to the limitations set forth on Form 303. (t) RESIDENTIAL ECONOMIC REDEVELOPMENT AND
To claim this credit, the taxpayer must complete Form 303 GROWTH TAX CREDIT – FORM 323: Taxpayers that have
and attach it to the tax return. To obtain this form and re- been approved by the New Jersey Economic Development
lated information, refer to the index on page 15. Authority may be allowed a tax credit in lieu of an incen-
tive grant. To claim this credit, the taxpayer must complete
(r) REDEVELOPMENT AUTHORITY PROJECT TAX CREDIT Form 323 and attach it to the return. To obtain this form and
– FORM 302: Any taxpayer that is actively engaged in the related information, refer to the index on page 15.
conduct of business at a location within a project as de-
fined in N.J.S.A. 55:19-1 et seq., and whose business at (u) BUSINESS EMPLOYMENT INCENTIVE PROGRAM TAX
that location consists primarily of manufacturing or other CREDIT – FORM 324: In order to qualify for this tax credit,
business that is not retail sales or warehousing oriented, the taxpayer must have received a tax credit certificate is-
may be entitled to claim the Redevelopment Authority Proj- sued by the New Jersey Economic Development Author-
ect Tax Credit. This credit is allowed in the tax year next ity. If the taxpayer claims this credit on Form CBT-100-R, a
following the tax year of qualification. To claim the credit, completed Form 324 and EDA certificate must be attached
the taxpayer must complete Form 302 and attach it to the to the return to validate the claim. The forms should be sent
tax return. To obtain this form and related information, re- by mail to the New Jersey Division of Taxation, Office Audit
fer to the index on page 15. Inquiries regarding the proj- at PO Box 269 Trenton, NJ 08646-0269. Failure to submit
ects should be directed to the New Jersey Redevelopment this documentation by mail will result in the delay and/or
Authority, PO Box 790, Trenton, New Jersey 08625-0790, denial of the tax credit claimed.
phone 609-292-3739. (v) PUBLIC INFRASTRUCTURE TAX CREDIT – FORM 325:
(s) URBAN ENTERPRISE ZONE TAX CREDITS: A taxpayer In order to qualify for this tax credit, the taxpayer must have
that has been designated as a “qualified business” as received a tax credit certificate issued by the New Jersey
defined in the New Jersey Urban Enterprise Zones Act, Economic Development Authority. If the taxpayer claims
N.J.S.A. 52:27H-60 et seq., may qualify for either an em- this credit on Form CBT-100-R, a completed Form 325 and
ployee tax credit or an investment tax credit. To be eligible, EDA certificate must be attached to the return to validate
the taxpayer must have been certified as a qualified busi- the claim. The forms should be sent by mail to the New Jer-
ness by the Urban Enterprise Zones Authority. Certification sey Division of Taxation, Office Audit at PO Box 269 Tren-
is renewable annually. The urban enterprise zones are lo- ton, NJ 08646-0269. Failure to submit this documentation
cated in Asbury Park, Bayonne City, Bridgeton, Camden, by mail will result in the delay and/or denial of the tax credit
Carteret, East Orange, Elizabeth, Gloucester City, Gutten- claimed.
berg, Hillside, Irvington, Jersey City, Kearny, Lakewood, (w) OTHER TAX CREDITS: Include on line 23 of Schedule A-3
Long Branch, Millville, Mount Holly, New Brunswick, New- any other valid tax credit(s) allowable in accordance with
ark, North Bergen, Orange, Passaic, Paterson, Pemberton the New Jersey Corporation Business Tax Act for which a
Township, Perth Amboy, Phillipsburg, Plainfield, Pleasant- place has not been provided somewhere else on the sched-
ville, Roselle Borough, Trenton, Union City, Vineland, West ule. Any tax credit(s) claimed on this line must be docu-
New York, and the Joint Wildwoods. Further information mented with a valid New Jersey Corporation Business Tax
can be obtained from the New Jersey Urban Enterprise Credit Form, which is required to be submitted with the tax
Zones Authority, New Jersey Commerce and Economic return.
Growth Commission, PO Box 820, Trenton, New Jersey
08625-0820, phone 609-292-1912. 44. INSTALLMENT PAYMENTS: Taxpayers are required to make
installment payments of estimated tax. The requirement for
The forms required to validate the employee tax credit making these payments is based on the amount of the total tax
(Form 300) and the investment tax credit (Form 301) can liability shown on the most recent return.
be obtained by following the instructions on page 15. Spe-
cific information on these tax credits can be obtained from (a) If the Short Period Total Tax Liability is greater than
the Regulatory Services Branch, PO Box 269, Trenton, NJ $500, the taxpayer must make installment payments to-
08695-0269, phone 609-292-5994. wards 2019. These payments are to be made electronically
on Form CBT-150 and are due on or before the 15th day of
(1) Employees Tax Credit – Form 300: This credit is avail- the 4th, 6th, 9th and 12th months of the tax year. Taxpayers
able to a taxpayer that was certified as a qualified busi- with gross receipts greater than or equal to $50,000,000
ness in the preceding tax year as well as the current must make installment payments on the 15th day of the
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    4th, 6th, and 12th months of the tax year. Details for making       Late Payment Penalty – 5% of the balance of tax due paid 
    these payments can be found in the CBT-150 instructions.            after the due date for filing the return may be imposed.
(b) If the Short Period Total Tax Liability is $500, installment        Interest – The annual interest rate is 3% above the average 
    payments may be made as indicated in (a) above OR in lieu           predominant  prime rate.  Interest  is imposed each month or 
    of making installment payments, the taxpayer may make               fraction thereof on the unpaid balance of tax from the original 
    a payment of 50% of the short period total tax liability. For       due date to the date of payment. At the end of each calendar 
    taxpayers who qualify and want to take advantage of this            year, any tax, penalties and interest remaining due will become 
    option, enter on line 16, 50% of the amount on line 15. This        part of the balance on which interest will be charged. The in-
    will become part of the payment to be made with the short           terest rates assessed by the Division of Taxation are published 
    period return and installment payments will not be required.        online at www.nj.gov/treasury/taxation/interest.shtml.
    This payment should be claimed as a credit when filing next         Note:  The average  predominant  prime  rate is the rate as 
    year’s tax return.                                                         determined by the Board of Governors of the Federal 
45. PAYMENTS AND CREDITS: Credit for the total amount of the                   Reserve System, quoted by commercial banks to large 
payments and credits listed below should be taken on page 1,                   businesses on December 1st of the calendar year im-
line 19:                                                                       mediately preceding the  calendar year in which pay-
(a)  Include installment tax payments made electronically with                 ment was due or as redetermined by the Director in 
    Form CBT-150 as well as any payment made on line 19.                       accordance with N.J.S.A. 54:48-2.
                                                                        Civil Fraud – If any part of an assessment is due to civil fraud, 
(b)  Include the payment, if any, that was remitted electronically      there shall be added to the tax an amount equal to 50% of the 
    with the tentative return, Form CBT-200-T.                          assessment in accordance with N.J.S.A. 54:49-9.1.
(c)  Include any overpayment from the preceding tax return that         UNDERPAYMENT OF  ESTIMATED TAX –              P.L.  2018, c.  48, 
    the taxpayer elected to have credited to the current year’s         signed into law on July 1, 2018, and P.L. 2018, c. 131, signed 
    tax. Do not include any amount of the overpayment that the          into  law  on  October  4,  2018,  significantly  changed  the  New 
    taxpayer elected to have refunded.                                  Jersey Corporation Business Tax Act. Those laws provide that 
(d)  Include  any  payments  remitted electronically  through  the      penalties and interest will not be imposed on the underpayment 
    Electronic Funds Transfer Program.                                  of tax resulting from any retroactive changes.
(e)  Line 19(a) – Include the total payments made by partner-        47. REFERRAL COST RECOVERY FEE: In accordance  with 
    ships on behalf of the taxpayer that are reported in Column         N.J.S.A. 54:49-12.3, a Referral Cost Recovery Fee of 10.7% of 
    7  on  Schedule  P-1.  Submit  copies  of  the  K-1s  reflecting    any tax, penalty and interest due will be added to your liability 
    payments made by each partnership entity.                           if the matter is assigned to an outside collection agency. For 
                                                                        delinquent periods, if that period is assigned to an outside col-
(f)  Line 19(b) – Include the amount of credit(s) calculated on         lection agency, a Referral Cost Recovery Fee will be assessed 
    the applicable credit form(s) that is statutorily refundable.       prior to the filing of a Certificate of Debt.
Note: PC installment payments from the prior year may not be         48. AMENDED RETURNS: To amend a return for an accounting 
       used to offset any current year tax liability and are NOT        period that begins on or after January 1, 2018, and ends before 
       eligible for refund.                                             July 31, 2018, use Form CBT-100-R To amend a return for any 
Note:  If this is an amended  return, include  any payments             other accounting period, use the Form CBT-100 for the appro-
       made with the original return on line 19. If you had an          priate tax year and write “AMENDED RETURN” clearly on the 
       overpayment on your original Form CBT-100, and you               front page of the form. Mail to: State of New Jersey, Division of 
       want to apply  it to your revised tax liability, include  a      Taxation, CBT Refund Group, PO Box 259, Trenton, NJ 08695-
       statement indicating how you want the monies applied.            0259. Do not  use Form CBT-100-R to amend a return for any 
       However, if a refund was issued for 2017, your request           period other than an accounting period that begins on or after 
       cannot be accommodated.                                          January 1, 2018, and ends before July 31, 2018. 

46. DELINQUENT FILING AND/OR TAX PAYMENT – COMPUTA-
TION OF PENALTY AND INTEREST:
Late Filing Penalty – 5% per month or fraction thereof on the 
amount of underpayment not to exceed 25% of that underpay-
ment, except if no return has been filed within 30 days of the 
date on which the first notice of delinquency in filing the return 
was sent, the penalty shall accrue at 5% per month or fraction 
thereof of the total tax liability not to exceed 25% of such tax 
liability. Also, a penalty of $100 for each month the return is 
delinquent may be imposed.

                                                                  - 14 -
                                               www.nj.gov/treasury/taxation

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    INDEX OF CBT-100-R SCHEDULES, FORMS, AND INSTRUCTIONS
Page
2 .....................Schedule A .................................Computation of Entire Net Income
3 .....................Schedule A-2 ..............................Cost of Goods Sold
3 .....................Schedule A-3 ..............................Summary of Tax Credits
4 .....................Schedule A-4 ..............................Summary Schedule
4 .....................Schedule A-5 ..............................Federal IRC Section 199 Adjustment
4 .....................Schedule A-6 ..............................IRC Section 250 Deduction
5 .....................Schedule A-GR ..........................Computation of New Jersey Gross Receipts and Minimum Tax 
5,6 ...................Schedule AM ..............................Alternative Minimum Assessment for C Corporations
7 .....................Schedule B .................................Balance Sheet
7 .....................Schedule C.................................Reconciliation of Income Per Books with Income Per Return
8 .....................Schedule C-1 .............................Analysis of Unappropriated Retained Earnings Per Books
8 .....................Schedule E .................................General Information
8 .....................Schedule F ................................. Corporate Officers – General Information and Compensation
9 .....................Schedule G ................................Interest, Interest Expenses, and Costs and Intangible Expenses and Costs
* .....................Schedule G-2 .............................Claim for Exceptions to Disallowed Interest and Intangible Expenses and Costs 
10 ....................Schedule H.................................Taxes
18 ....................Schedule I ..................................Certification of Inactivity
10 ....................Schedule J .................................General Information for Allocating Taxpayers and Computation of Allocation Factor
11 ....................Schedule L .................................Investment Companies
11 ....................Schedule M. ...............................Regulated Investment Companies & Real Estate Investment Trusts
* .....................Schedule N.................................Nexus – Immune Activity Declaration
* .....................Schedule O ................................Nonoperational Activity
12 ....................Schedule P .................................Subsidiary Investment Analysis
12 ....................Schedule P-1..............................Partnership Investment Analysis
12 ....................Schedule PC ..............................Per Capita Licensed Professional Fee
* .....................Schedule PT ...............................Previously Taxed Dividends
13 ....................Schedule Q ................................  Qualified Subchapter S Subsidiaries (QSSS)
13 ....................Schedule R.................................Dividend Exclusion
* .....................Schedule RT ..............................Allocated Tiered Subsidiary Dividend Exclusion
14-17 .................Schedule S .................................Depreciation and Safe Harbor Leasing
* .....................Form 300 ....................................Urban Enterprise Zone Employees Tax Credit and Credit Carry Forward
* .....................Form 301 ....................................Urban Enterprise Zone Investment Tax Credit and Credit Carry Forward
* .....................Form 302 and 302-A ..................Redevelopment Authority Project Tax Credit and Credit Carry Forward
* .....................Form 303 ....................................Recycling Equipment Tax Credit
* .....................Form 304 and 304-A ..................New Jobs Investment Tax Credit
* .....................Form 305 and 305-A ..................Manufacturing Equipment and Employment Investment Tax Credit
* .....................Form 306 and 306-A ..................Research and Development Tax Credit
* .....................Form 308 and 308-A ..................Small New Jersey-Based High-Technology Business Investment Tax Credit
* .....................Form 310 ....................................HMO Assistance Fund Tax Credit
* .....................Form 311 ....................................Neighborhood Revitalization State Tax Credit
* .....................Form 312 ....................................Effluent Equipment Tax Credit
* .....................Form 313 ....................................Economic Recovery Tax Credit
* .....................Form 315 ....................................AMA Tax Credit
* .....................Form 316 ....................................Business Retention and Relocation Tax Credit
* .....................Form 317 ....................................Sheltered Workshop Tax Credit
* .....................Form 318 ....................................Film Production Tax Credit
* .....................Form 319 ....................................Urban Transit Hub Tax Credit
* .....................Form 320 ....................................Grow New Jersey Tax Credit
* .....................Form 321 ....................................Angel Investor Tax Credit
* .....................Form 322 ....................................Wind Tax Credit
* .....................Form 323 ....................................Residential Economic Redevelopment and Growth Tax Credit
* .....................Form 324 ....................................Business Employment Incentive Program Tax Credit
* .....................Form 325 ....................................Public Infrastructure Tax Credit
* .....................Form 500 ....................................Net Operating Loss and Carryover
* .....................Form 501 ....................................Domestic Production Activities Deduction (IRC 199 Adjustment)
* These schedules and forms are available on the Division of Taxation’s website or by contacting the Division.
                       TAX FORMS AND INFORMATION
To obtain tax forms, information, and Tax Topics Bulletins, you can access the Division of Taxation’s website at www.nj.gov/treasury/taxation. 
NJ  TaxTalk provides  prerecorded  information  on NJ tax topics by calling  on a touch-tone phone either within New Jersey at  
1-800-323-4400 or 609-826-4400 elsewhere. To speak to a Division of Taxation representative, call the Division’s Customer Service  
Center at 609-292-6400.
                                                                       - 15 -
                                                                    www.nj.gov/treasury/taxation

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Short Period – CBT-100-R – Page 1
NEW JERSEY CORPORATION BUSINESS TAX RETURN
Short Period For Tax Years
BEGINNING ON OR AFTER JANUARY 1, 2018, and
ENDING BEFORE JULY 31, 2018
CBT-100-R Tax year beginning _________, ____, and ending __________, ____

Type or print the requested information. State and date of incorporation
FEDERAL EMPLOYER I.D. NUMBER N.J. CORPORATION NUMBER Date authorized to do business in New Jersey
Federal business activity code
CORPORATION NAME
Corporation books are in the care of
MAILING ADDRESS at
Telephone Number ( )
CITY STATE ZIP CODE DIVISION USE

Check the applicable box Initial return Amended return RP NP A R
1. Entire net income from Schedule A, line 38 (if a net loss, enter zero) ............................................................. 1.
2. Allocation factor from Schedule J, Non-allocating taxpayers enter 1.000000 .......................................... 2. .
3. a) Allocated net income – Multiply line 1 by line 2 (Non-allocating taxpayers must enter amount from line 1) ....... 3a.
b) Allocated dividend income from certain subsidiaries (From Schedule R or Schedule PT) .......................... 3b.
c) Total allocated net income – Add lines 3a and 3b ................................................................................. 3c.
4. a) Total nonoperational income $ from Schedule O, Part I (see instr. 37)
b) Allocated New Jersey nonoperational income from Schedule O, Part III............................................ 4b.
5. Total operational and nonoperational income – Add lines 3c and 4b ....................................................... 5.
6. Investment Company – Enter 40% of the total of line 1 plus line 3b ........................................................... 6.
7. Real Estate Invest. Trust – Enter 4% of the total of line 1 plus line 3b ..................................................... 7.
8. Tax Base – Enter amount from line 5 orline 6 plus line 4b orline 7 plus line 4b, whichever is applicable .... 8.
9. Amount of Tax – Multiply line 8 by the applicable tax rate (see instruction 11(a)) .......................................... 9.
10. Tax Credits from Schedule A-3, line 24 (see instruction 43) .......................................................................... 10.
11. CBT TAX LIABILITY – Subtract line 10 from line 9 ................................................................................... 11.
12. Surtax on allocated net income for tax years beginning on or after January 1, 2018 – Multiply line 3c
or line 6 or line 7, whichever applies, by the applicable surtax rate (see instruction 11e) ............................. 12.
13. CBT TAX LIABILITY – Enter the amount from 11 ..................................................................................... 13.
14. Alternative Minimum Assessment from Schedule AM, Part VI, line 5 ...................................................... 14.
15. Tax Due – Add line 12 to the greater of line 13 orline 14 orminimum tax due from Schedule A-GR
(see instr. 11(d)) ............................................................................................................................................ 15.
16. Installment Payment – Only applies if line 15 is $500 (see instruction 44) .................................................... 16.
17. Professional Corporation Fees (from Schedule PC, line 5) ) ........................................................................... 17.
18. TOTAL TAX AND PROFESSIONAL CORPORATION FEES – Add lines 15, 16, and 17 ......................... 18.
19. Payments and Credits (see instruction 45) .................................................................................................... 19.
a) Payments made by partnerships on behalf of taxpayer (attach copies of all NJK-1s) ................................ 19a.
b) Refundable Tax Credits (see instruction 45(f)) .......................................................................................... 19b.
20. Balance of Tax Due – Subtract lines 19, 19a, and 19b from line 18 ......................................................... 20.
21. Penalty and Interest Due (see instructions 7(e) and 46)................................................................................... 21.
22. Total Balance Due – Add line 20 and line 21 ............................................................................................ 22.
23. If line 19 plus 19a plus 19b is greater than line 18 plus line 21, enter DIVISION USE
the amount of overpayment ............................................................. $
24. Amount of Credited to 2019 Combined Group Credited to 2019 Return Refunded
line 23 to be: $ $ $
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules, forms, and statements, and to the
best of my knowledge and belief, it is true, correct, and complete. If prepared by a person other than the taxpayer, this declaration is based
on all information of which the preparer has any knowledge.

(Date) (Signature of Duly Authorized Officer of Taxpayer) (Title)
(Date) (Signature of Individual Preparing Return) (Address) (Preparer’s ID Number)
VERIFICATION (See Instruction 14)
SIGNATURE AND (Name of Tax Preparer’s Employer) (Address) (Employer’s ID Number)

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                                                                                                                                                                Short Period – CBT-100-R – Page 2

NAME AS SHOWN ON RETURN                                                                 FEDERAL ID NUMBER

                                                        COMPUTATION OF ENTIRE NET INCOME (SEE INSTRUCTION 16) 
Schedule A                                         EVERY CORPORATION MUST COMPLETE LINES 1-38 OF THIS SCHEDULE.
1.  Gross receipts or sales                       Less returns and allowances                                .....                                          1.
2.  Less: Cost of goods sold (from Schedule A-2, line 8) .....................................................................                              2.
3.  Gross profit – Subtract line 2 from line 1 .................................................................................                            3.
4.  Dividends .................................................................................................................................             4.
5.  Interest.....................................................................................................................................           5.
6.  Gross rents ..............................................................................................................................              6.
7.  Gross royalties.........................................................................................................................                7.
8.  Capital gain net income (attach separate federal Schedule D) ..........................................................                                 8.
9.  Net gain or (loss) (from federal Form 4797, attach a copy) ................................................................                             9.
10. (a) Foreign Derived Intangible Income (enclose a copy of Schedule 8993) ....................................                                            10a.
    (b) Global Intangible Low-Taxed Income (enclose a copy of Schedule 8992)  .........................................                                     10b.
    (c) Other income (attach schedule) .................................................................................................................... 10c.
11.       TOTAL INCOME – Add lines 3 through 10 ........................................................................                                    11.
12. Compensation of officers (from Schedule F) ................................................................................                             12.
13. Salaries and wages                            Less jobs credit                            Balance .......                                               13.
14. Repairs (Do not include capital expenditures) ...................................................................................                       14.
15. Bad debts ................................................................................................................................              15.
16. Rents .......................................................................................................................................           16.
17. Taxes .......................................................................................................................................           17.
18. Interest.....................................................................................................................................           18.
19. Contributions ...........................................................................................................................               19.
20a Depreciation (from federal Form 4562, attach a copy) .............................. 20a.
20b Less depreciation claimed in Schedule A and elsewhere on return                     20b.                                                                20c.
21. Depletion .................................................................................................................................             21.
22. Advertising ...............................................................................................................................             22.
23. Pension, profit-sharing plans, etc ............................................................................................                         23.
24. Employee benefit programs.....................................................................................................                          24.
25. IRC Section 199 Domestic production activities deduction (see instructions 16(a5) and 21) ..........                                                    25.
26. Other deductions (attach schedule) ..............................................................................................                       26.
27. TOTAL DEDUCTIONS - Add lines 12 through 26 ....................................................................                                         27.
28. Taxable income before net operating loss deductions and special deductions – Subtract line 
    27 from line 11 (Must agree with line 28, page 1 of the Unconsolidated federal Form 1120, or appropriate line 
    from forms 1120-IC-DISC, 1120-FSC, or 1120-A, whichever is applicable) (See instructions 8(b) and 16(c)) .........                                      28.
    NEW JERSEY ADJUSTMENT – LINES 29-38 MUST BE COMPLETED ON THIS FORM
29. Interest on federal, state, municipal, and other obligations not included on line 5 above (see 
    instruction 16(d)) ..........................................................................................................................           29.
30. Related interest addback (from Schedule G, Part I) .......................................................................                              30.
31. New Jersey State and other states taxes deducted above (see instruction 16(f)) ........................                                                 31.
32. Depreciation and other adjustments (from Schedule S) (see instruction 42)            .....................................                              32.
33. (a)  Deduct IRC Section 78 Gross-up not deducted at line 37a below (do not incl. dividends) ..........                                                  33a.
    (b)  Other deductions and additions. Explain on separate rider (see instruction 16(h)) ................                                                 33b.
    (c)  Elimination of nonoperational activity (from Schedule O, Part I) ..............................................                                    33c.
    (d)  Interest and intangible expenses and costs addback (from Schedule G, Part II) (see instr. 16h)                                                     33d.
    (e)  Add back IRC Section 965 deductions and exemptions ...................................................                                             33e.
    (f)  Deduct IRC §250(a) amount allowed federally (See inst. 17 for limitations) .......................                                                 33f.
    (g)  Add back any other federally exempt income not reported elsewhere on Schedule A 
        (see instruction 16h) .........................................................................................................                     33g.
34. Entire net income before net operating loss deduction and dividend exclusion – Total  
    lines 28 through 33 inclusive ...................................................................................................                       34.
35. Net Operating Loss Deduction (from Form 500, line 9) .................................................................                                  35.
36. Entire Net Income before the dividend exclusion – Subtract line 35 from line 34 ...................                                                     36.
37. (a) Dividend Exclusion (from Schedule R or Schedule PT) (see instruction 16(j)) .................................                                       37a.
    (b)  Enter net GILTI and net FDII amounts (from Schedule A-6, line 7) ............................................                                      37b.
38. ENTIRE NET INCOME – Subtract line 37a and 37b from line 36. Include here and on page 1, 
    line 1 (ONLY if amount is more than zero) ............................................................................................                  38.

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Short Period – CBT-100-R – Page 3

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule A-2 COST OF GOODS SOLD (See Instruction 18)
1. Inventory at beginning of year ............................................................................................... 1.
2. Purchases.............................................................................................................................. 2.
3. Cost of labor .......................................................................................................................... 3.
4. Additional section 263A costs ................................................................................................ 4.
5. Other costs (attach schedule) .................................................................................................... 5.
6. Total – Add lines 1 through 5 ................................................................................................. 6.
7. Inventory at end of year ......................................................................................................... 7.
8. Cost of goods sold – Subtract line 7 from line 6. Include here and on Schedule A, line 2 .... 8.
Schedule A-3 SUMMARY OF TAX CREDITS (See Instruction 19)
1. Angel Investor Tax Credit from Form 321 .............................................................................. 1.
2. Grow NJ Tax Credit from Form 320 ....................................................................................... 2.
3. Wind Energy Facility from Form 322 ..................................................................................... 3.
4. Urban Transit Hub Tax Credit from Form 319 ........................................................................ 4.
5. Business Retention and Relocation Tax Credit from Form 316 ............................................. 5.
6. Neighborhood Revitalization State Tax Credit from Form 311 ............................................... 6.
7. Film Production Tax Credit from Form 318 ............................................................................ 7.
8. Sheltered Workshop Tax Credit from Form 317 .................................................................... 8.
9. AMA Tax Credit from Form 315 ............................................................................................. 9.
10. Economic Recovery Tax Credit from Form 313 ..................................................................... 10.
11. Effluent Equipment Tax Credit from Form 312 ...................................................................... 11.
12. HMO Assistance Fund Tax Credit from Form 310 ................................................................. 12.
13. Small New Jersey-Based High-Technology Business Investment Tax Credit from Form 308 .. 13.
14. New Jobs Investment Tax Credit from Form 304 .................................................................. 14.
15. Manufacturing Equipment and Employment Investment Tax Credit from Form 305 ............. 15.
16. Research and Development Tax Credit from Form 306 (see form for instructions) .............. 16.
17. Recycling Equipment Tax Credit from Form 303 ................................................................... 17.
18. Redevelopment Authority Project Tax Credit from Form 302 ................................................ 18.
19. EITHER: a) Urban Enterprise Zone Employee Tax Credit from Form 300 .........................
OR b) Urban Enterprise Zone Investment Tax Credit from Form 301 ........................ 19.
20. Residential Economic Redevelopment and Growth Tax Credit from Form 323 .................... 20.
21. Business Employment Incentive Program Tax Credit from Form 324 ................................... 21.
22. Public Infrastructure Tax Credit from Form 325 ..................................................................... 22.
23. Other Tax Credit (see instruction 43(w)) ................................................................................ 23.
24. Total tax credits taken on this return – Add lines 1 through 23. Include here and on page 1,
line 10 .................................................................................................................................... 24.

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Short Period – CBT-100-R – Page 4

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

SUMMARY SCHEDULE (See Instruction 20)
Schedule A-4 All corporations must complete this schedule and submit it with their CBT-100 tax return

Net Operating Loss Deduction and Carryover Dividend Exclusion Information
1. Form 500, line 7 minus line 9 ................. 1. 9. Schedule R, Part I, line 4 ....................... 9.
Interest and Intangible Costs and Expenses
2. Schedule G, Part I, line b........................ 2. 10. Schedule R, Part I, line 6 ..................... 10.

3. Schedule G, Part II, line b....................... 3. 11. Schedule R, Part I, line 7 ..................... 11.
Schedule J Information Schedule P Information
4. Schedule J, Part II, line 1(f) .................... 4. 12. Schedule P, Part III, line 1 ................... 12.

5. Schedule J, Part II, line 1(g) ................... 5. 13. Schedule P, Part III, line 2 ................... 13.
Schedule PT Information
6. Schedule J, Part II, line 1(h) .................. 6. 14. Schedule PT, Part II, line 4 .................. 14.
Net Operational Income Information
7. Schedule O, Part III, line 31................... 7. 15. Schedule PT, Part II, line 6 .................. 15.
Schedule A-GR Information
8. Schedule A-GR, line 6 ........................... 8. 16. Schedule PT, Part II, line 8 .................. 16.

Schedule A-5 FEDERAL IRC SECTION 199 ADJUSTMENT (See Instruction 16(a5) and 21)
For tax years beginning before January 1, 2018
1. Federal Section 199 Domestic Production expense used in arriving at federal taxable
income ................................................................................................................................... 1.
2. Less: New Jersey Separate Entity Domestic Production allowed from Form 501................. 2.
3. Net Section 199 adjustment – line 1 minus line 2. Include on Schedule A, line 33(b) ........... 3.
Note: For tax years beginning on or after January 1, 2018, IRC section 199 has been repealed
for federal purposes and no deduction is allowed for New Jersey purposes.

The Division of Taxation has made a decision to revise the allocation methodology of GILTI and FDII. See Technical Bulletin
TB-92 for additional information
GILTI AND FDII (See Instruction 16(a6) and 17)
Schedule A-6 Enclose a copy both Schedule 8992 and Schedule 8993.
1. Foreign-Derived Intangible Income (FDII) income reported on Schedule A, line 10a ........... 1.
2. Global Intangible Low-Taxed Income (GILTI) income reported on Schedule A, line 10b ...... 2.
3. Total FDII and GILTI income (add line 1 and line 2) .................................................................... 3.
4. Deduct IRC §250(a) amount allowed federally if GILTI and FDII are included in Entire Net
Income (amount cannot be greater than amount on line 3) ................................................................. 4.
5. Subtract line 4 from line 3 ...................................................................................................... 5.
6. Enter the total of Schedule A, line 36 minus Schedule A, line 37a (if negative amnt., enter zero) ... 6.
7. Enter the lesser of line 5 or line 6 here and on Schedule A, line 37b .................................... 7.
8. Enter the New Jersey gross domestic product*..................................................................... 8.
9. Enter total of the gross domestic product of U.S. states in which the taxpayer has nexus* .. 9.
10. Allocation factor (divide line 8 by 9) ............................................................................................ 10.
11. Multiply line 7 by line 10. Enter the result here and include on Form CBT-100, page 1,
line 3c .................................................................................................................................... 11.
* Data can be found on the U.S. Bureau of Economic Analysis’s website (www.bea.gov). Use the last quarter available prior to the end of your
privilege period. Attach a rider of all U.S. states in which the taxpayer has nexus.

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Short Period – CBT-100-R – Page 5
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule A-GR COMPUTATION OF NEW JERSEY GROSS RECEIPTS AND MINIMUM TAX (See Instruction 22)
1. Enter sales of tangible personal property shipped to points within New Jersey .................... 1.
2. Enter services performed in New Jersey ............................................................................... 2.
3. Enter rentals of property situated in New Jersey ................................................................... 3.
4. Enter royalties for the use in New Jersey of patents and copyrights ..................................... 4.
5. Enter all other business receipts earned in New Jersey........................................................ 5.
6. Total New Jersey Gross Receipts.......................................................................................... 6.
7. Enter minimum tax per instruction 11(d). Include here and on page 1, line 15 ..................... 7.
Schedule AM ALTERNATIVE MINIMUM ASSESSMENT FOR C CORPORATIONS (See Instruction 23)
PART I COMPUTATION OF NEW JERSEY GROSS RECEIPTS
1. Enter sales of tangible personal property shipped to points within New Jersey .................... 1.
2. Enter services performed in New Jersey ............................................................................... 2.
3. Enter rentals of property situated in New Jersey ................................................................... 3.
4. Enter royalties for the use in New Jersey of patents and copyrights ..................................... 4.
5. Enter all other business receipts earned in New Jersey........................................................ 5.
6. Total New Jersey Gross Receipts.......................................................................................... 6.
PART II COMPUTATION OF NEW JERSEY GROSS PROFITS
1. Enter New Jersey Gross Receipts from Part I, line 6 ............................................................ 1.
2. Enter Cost of Goods Sold amount from Schedule A-2, line 8................................................ 2.
3. Enter the Allocation Factor or Receipts Factor from Schedule J (Non-allocators enter 100%) .. 3.
4. New Jersey Cost of Goods Sold – multiply line 2 by line 3 ................................................... 4.
5. New Jersey Gross Profits – subtract line 4 from line 1 .......................................................... 5.
PART III GROSS SALES AND COST OF GOODS SOLD FOR CURRENT AND PRIOR YEARS
Year 2015 Year 2016 Year 2017 Year 2018
From Part II Above
1. NJ Gross Receipts

2. NJ Cost of Goods Sold

PART IV ALTERNATIVE MINIMUM ASSESSMENT BASED UPON GROSS PROFITS
1. New Jersey Gross Profits – enter amount from Part II, line 5; if less than $1,000,000,
enter zero on line 5 and go to Part V ..................................................................................... 1.
2. If line 1 is greater than $1,000,000, but not over $10,000,000, complete line 3.
If line 1 is greater than $10,000,000 then go to line 4.
$1,000,000
3. (a) Maximum exclusion amount ................................................................................................ 3a.
(b) Subtract line 3(a) from line 1 ........................................................................................... 3b.
(c) Multiply line 3(b) by .0025 ............................................................................................... 3c.
(d) Multiply line 3(c) by 1.11111, the NJ AMA Exclusion Rate ............................................... 3d.
4. (a) If line 1 is greater than $10,000,000, but not over $15,000,000, multiply line 1 by .0035 .. 4a.
(b) If line 1 is greater than $15,000,000, but not over $25,000,000, multiply line 1 by .006 .. 4b.
(c) If line 1 is greater than $25,000,000, but not over $37,500,000, multiply line 1 by .007 .. 4c.
(d) If line 1 is greater than $37,500,000, multiply line 1 by .008 ........................................... 4d.
5. AMA based on Gross Profits – amount from line 3(d) or 4(a), 4(b), 4(c), or (4d) .................. 5.

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Short Period – CBT-100-R – Page 6
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

PART V ALTERNATIVE MINIMUM ASSESSMENT BASED UPON GROSS RECEIPTS
1. New Jersey Gross Profits – enter amount from Part I, line 6; if less than $2,000,000, enter
zero on line 5 and go to Part VI ............................................................................................. 1.
2. If line 1 is greater than $2,000,000, but not over $20,000,000, complete line 3.
If line 1 is greater than $20,000,000, go to line 4.
$2,000,000
3. (a) Maximum exclusion amount ................................................................................................ 3a.
(b) Subtract line 3(a) from line 1 ........................................................................................... 3b.

(c) Multiply line 3(b) by .00125 ............................................................................................. 3c.

(d) Multiply line 3(c) by 1.11111, the NJ AMA Exclusion Rate ............................................... 3d.

4. (a) If line 1 is greater than $20,000,000, but not over $30,000,000, multiply line 1 by .00175 4a.

(b) If line 1 is greater than $30,000,000, but not over $50,000,000, multiply line 1 by .003 .. 4b.

(d) If line 1 is greater than $75,000,000, multiply line 1 by .004 ........................................... 4d.

5. AMA based on Gross Profits – amount from line 3(d) or 4(a), 4(b), 4(c), or 4(d) .................. 5.
PART VI CORPORATION BUSINESS TAX/ALTERNATIVE MINIMUM ASSESSMENT

1. Enter amount from Part V, line 5, Alternative Minimum Assessment (Gross Receipts) ......... 1.

2. Enter amount from Part IV, line 5, Alternative Minimum Assessment (Gross Profits) ........... 2.

3. Maximum Alternative Minimum Assessment ......................................................................... 3. $5,000,000
4. For the first privilege period, the taxpayer has the option to select the computation of the
Alternative Minimum Assessment on line 1 or 2. However, once selected, the method must
be employed for that privilege period, and for the next succeeding four tax years. Enter
your selection on line 4 .......................................................................................................... 4.
5. Amount of Tax – enter the lesser of line 3 or line 4. Enter this amount on line 14, page 1 of
the CBT-100 .......................................................................................................................... 5.

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NAME AS SHOWN ON RETURN                                                   FEDERAL ID NUMBER

Schedule B                           BALANCE SHEET AS OF                                                   , 
                                     Figures appearing below must be the same as year-end figures shown on the taxpayer’s books. If not, explain 
                                     and reconcile on rider. Consolidated returns are not permitted. See instruction 24.
                                Assets                                          Beginning of Tax Year                   End of Tax Year
 1.  Cash
 2.  Trade notes and accounts receivable
     (a) Reserve for bad debts                                             (                                  ) (                                )
 3.  Loans to stockholders/affiliates
 4.  Stock of subsidiaries
 5.  Corporate stocks
 6.  Bonds, mortgages, and notes
 7.  New Jersey state and local government obligations
 8.  All other government obligations
 9.  Patents and copyrights
 10. Deferred charges
 11. Goodwill
 12. All other intangible personal property (itemize)
 13. Total intangible personal property (total lines 1 to 12)
 14. Land
 15. Buildings and other improvements
     (a) Less accumulated depreciation                                     (                                  ) (                                )
 16. Machinery and equipment
     (a) Less accumulated depreciation                                     (                                  ) (                                )
 17. Inventories
 18. All other tangible personalty (net) (itemize on rider)
 19. Total real and tangible personal property (total lines 14 to 18)
 20. Total assets (add lines 13 and 19)
     Liabilities and Stockholder’s Equity
 21. Accounts payable
 22. Mortgages, notes, bonds payable in less than 1 year (attach schedule)
 23. Other current liabilities (attach schedule)
 24. Loans from stockholders/affiliates
 25. Mortgages, notes, bonds payable in 1 year or more (attach schedule)
 26. Other liabilities (attach schedule)
 27. Capital stock:    (a) Preferred stock
                       (b) Common stock
 28. Paid-in or capital surplus
 29. Retained earnings – appropriated (attach schedule)
 30. Retained earnings – unappropriated
 31. Adjustments to shareholders’ equity (attach schedule)
 32. Less cost of treasury stock
 33. Total liabilities and stockholder’s equity (total lines 21 to 32)

Schedule C                           RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN (See Instruction 25)

1.  Net income per books                                                  7.  Income recorded on books this year not 
2.  Federal income tax                                                       included in this return (itemize)
                                                                             (a) Tax-exempt interest $
3.  Excess of capital losses over capital 
 gains                                                                       (b)
4.  Income subject to tax not recorded on                                    (c)
 books this year (itemize)
                                                                          8.  Deductions in this tax return not charged 
                                                                             against book income this year (itemize)
5.  Expenses recorded on books this year                                     (a) Depreciation $
 not deducted in this return (itemize)                                       (b) Contributions Carryover $
 (a) Depreciation $                                                        
 (b) Contributions Carryover $
 (c) Other (itemize) $                                                    9.  Total of lines 7 and 8
6.  Total of lines 1 through 5                                            10. Income (line 28, Schedule A) – line 6 
                                                                             less 9

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Short Period – CBT-100-R – Page 8
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule C-1 ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS (See Instruction 25)
1. Balance at beginning of year 5. Distributions
2. Net income per books (a) Cash $
3. Other increases (itemize) (b) Stock $
(c) Property $
6. Other decreases (itemize)

7. Total of lines 5 and 6
4. Total of lines 1, 2, and 3 8. Balance end of year (line 4 less 7)
GENERAL INFORMATION (See Instruction 26)
Schedule E All taxpayers must answer the following questions. Riders must be provided where necessary.
1. Type of business
Principal products handled
Internal Revenue Center where corresponding federal tax return was filed
2. FINAL DETERMINATION OF NET INCOME BY FEDERAL GOVERNMENT (See Instruction 15)
Has a change or correction in the amount of taxable income of the reporting corporation, or any other corporation purchased, merged, or
consolidated with the reporting corporation, been finally determined by the Internal Revenue Service and not previously reported to New Jersey?
“Yes” or “No” . If “Yes,” an amended return must be filed.
3. Did one or more other corporations own beneficially, or control, a majority of the stock of taxpayer corporation or did the same interests own bene -
ficially, or control, a majority of the stock of taxpayer corporation and of one or more other corporations?
“Yes” or “No” . If “Yes,” give full information below (attach rider if necessary).
Percentage of Stock
Name of Controlled Corporations Owned or Controlled Controlling Entity

4. Is the capital stock of the taxpayer listed on any exchange? “Yes or No” . If yes, specify exchanges where listed and submit taxpayer’s
Annual Report to stockholders for the period covered by this return.
5. Is this corporation a Professional Corporation (PC) formed pursuant to N.J.S.A. 14A:17-1 et seq. or any similar law from a possession or territory
of the United States, a state, or political subdivision thereof? “Yes or No” . If yes, go to the next question.
How many licensed professionals are owners, shareholders, and/or employees from this PC as of the first day of the privilege period? .
Attach a rider providing the names, addresses, and FID or SSN of the licensed professionals in the PC. If the number of licensed professionals is
greater than 2, complete Schedule PC. See instruction 41 for examples of licensed professionals.
6. This question must be answered by corporations with income from sources outside the United States.
(a) Is income from sources outside the United States included in entire net income at line 38, Schedule A. “Yes or No” .
(b) If the answer is “No,” provide such items of gross income, the source, the deductions and the amount of foreign taxes paid. Enter at line 33(b),
Schedule A, the difference between the net of such income and the amount of foreign taxes paid not previously deducted.
7. During the period covered by the return, did the taxpayer acquire or dispose of directly or indirectly a controlling interest in certain commercial
property? “Yes or No” .

Schedule F CORPORATE OFFICERS – GENERAL INFORMATION AND COMPENSATION (See Instr. 27)
(4) (5)
(1) (2) (3) Dates Employed Percentage of Corpora- (6)
Name and Current Address of Officer Social Security Number Title in this position tion Stock Owned Amount of Compensation
From To Common Preferred

(a) Total compensation of officers ...................................................................................................................................
(b) Less: Compensation of officers claimed elsewhere on the return .............................................................................
(c) Balance of compensation of officers (include here and on Schedule A, line 12, page 2)..........................................

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Short Period – CBT-100-R – Page 9
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule G – Part I INTEREST (See Instruction 28)
1. Was interest paid, accrued, or incurred to a related member(s) deducted from entire net income?
“Yes” or “No” . If “Yes,” fill out the following schedule.
Treaty
Name of Related Member Country Federal ID Number Relationship to Taxpayer Exception Amounts

(a) Total amount of interest deducted ......................................................................................................................
(b) Subtract: Exceptions (see instruction 28) ........................................................................................................... ( )
(c) Balance of interest deducted (include here and on Schedule A, line 30) ...........................................................

Schedule G – Part II INTEREST EXPENSES AND COSTS AND INTANGIBLE EXPENSES AND COSTS (See Instr. 28)
1. Were intangible expenses and costs, including intangible interest expenses and costs, paid, accrued or incurred to related members, deducted
from entire net income? Yes” or “No” . If “Yes,” fill out the following schedule.
Name of Related Member Treaty Federal ID Number Relationship to Taxpayer Type of Intangible Exception Amounts
Country Expense Deducted

(a) Total amount of intangible expenses and costs deducted .......................................................................................
(b) Subtract: Exceptions (see instruction 28) ................................................................................................................
(c) Balance of intangible expenses and costs deducted (include here and on Schedule A, line 33(d)) .......................

NOTE: For tax years beginning on or after January 1, 2018, the treaty exceptions have been limited pursuant to P.L. 2018, c. 48.

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                                                                                                                         Short Period – CBT-100-R – Page 10
NAME AS SHOWN ON RETURN                                                      FEDERAL ID NUMBER

                               TAXES (See Instructions16(f) and 29)
Schedule H                     Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A.
                               (a)                     (b)                   (c)              (d)                        (e)                      (f)
                               Corporation    Corporation
                               Franchise      Business/                      Property         U.C.C. or                  Other Taxes             Total
                               Business Taxes Occupancy Taxes                Taxes      Payroll Taxes                (attach schedule)

 1. New Jersey Taxes
 2. Other States & U.S.  
 Possessions
 3. City and Local Taxes
 4. Taxes Paid to Foreign 
 Countries*
 5. Total
 6. Combine lines 5(a)  
 and 5(b)
 7. Sales & Use Taxes Paid  
 by a Utility Vendor
 8. Add lines 6 and 7 – Carry  
 to Schedule A, line 31
 9. Federal Taxes
10. Total (Combine line 5  
 and line 9)
* Include on line 4 taxes paid or accrued to any foreign country, state, province, territory, or subdivision thereof.
                               ALL TAXPAYERS, REGARDLESS OF THE AMOUNT OF THE ENTIRE NET INCOME REPORTED ON 
Schedule J                     SCHEDULE A, LINE 38, FORM CBT-100, SHOULD COMPLETE SCHEDULE J. THIS SCHEDULE SHOULD 
                               BE OMITTED IF THE TAXPAYER DOES NOT HAVE RECEIPTS OUTSIDE NEW JERSEY; THE ALLOCATION 
Parts I and II                 FACTOR WILL BE 100% (1.000000).
PART I   ALL COMPANIES MUST ANSWER THE FOLLOWING QUESTIONS (See Instruction 32)

(a)  Explain in detail internal controls used in distribution of receipts in and out of New Jersey, as shown in Part II  
 
(b)  State the location of the actual seat of management or control of the corporation  

PART II  COMPUTATION OF ALLOCATION FACTOR (See Instruction 33A)
Note:  Include the GILTI income and FDII income net of the respective allowable IRC §250(a) deductions in the allocation factor. The net amount of GILTI 
     and the net FDII income amounts are included in the numerator (if applicable) and the denominator.
1. Receipts:                                                                 AMOUNTS (omit cents)
 (a)  From sales of tangible personal property shipped to points  
       within New Jersey. 
 (b)  From services performed in New Jersey.

 (c)  From rentals of property situated in New Jersey.                                                                   Complete by carrying the fraction 
                                                                                                                         to six (6) decimal places. Do not 
 (d)  From royalties for the use in New Jersey of patents and                                                            express as a percent. 
       copyrights.                                                                                                       Example:
 (e)  All other business receipts earned in New Jersey (See  
                                                                                                                                      .
       instruction 33A).                                                                                                   123,456  =  1 2 3 4 5 6
                                                                                                                          1,000,000 
 (f)  Total New Jersey receipts (Total of lines 1(a) to 1(e), inclusive).
 (g)  Total receipts from all sales, services, rentals, royalties, and other 
       business transactions everywhere.
 (h)  Allocation Factor (Percentage in New Jersey (line 1(f)) divided by 
       line 1(g)). Include here and on line 2, page 1, Form CBT-100.         .

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                                                                                                         Short Period – CBT-100-R – Page 11
NAME AS SHOWN ON RETURN                                                          FEDERAL ID NUMBER

Schedule L              INVESTMENT COMPANIES (See Instruction 34)

1.  DEFINITION OF INVESTMENT COMPANY: “Investment company”                        (4)  Do  not add  any capital  loss  carry back  or carry forward  in 
shall mean any corporation whose business during the  period                      computing total income.
covered by its report consisted to the extent of at least 90% thereof, of 
holding, investing and reinvesting in stocks, bonds, notes, mortgages,            ii Income Unadjusted: For purposes of the 90% requirement above, 
debentures,  patents, patent rights and other securities, for its own             taxpayer during the  entire period covered by  its  report,  must 
account. But this shall not include any corporation  which: (1) is a              have derived 90% or more of its total income before deductions 
merchant or a dealer of stocks, bonds and other securities, regularly             as reported  for federal  income  tax purposes  from cash and/or 
engaged  in  buying  the  same  and  selling  the  same  to  customers;  or       investment type assets, plus interest on federal, state, municipal, 
(2) had less than 90% of its average gross assets in New Jersey, at               and  other obligations  not otherwise  included  in federal  taxable 
cost, invested in stocks, bonds, debentures, mortgages, notes, patents,           income  and exclusive of any capital  loss carry back or carry 
patent rights or other securities or consisting of cash on deposit during         forward.
the period covered by its report; or (3) is a banking corporation or a            (1)  A gain resulting from the disposition of an asset and reported 
financial business corporation as defined in the Corporation Business             on the installment basis for federal income taxes is considered 
Tax Act.                                                                          income for purposes of the investment company statute in the 
2.  NOTE: If taxpayer does not qualify under this definition, it is not entitled  year in which the installment is received under both 3(a) i and 
to report as an investment company.                                               ii above. Income reported on the installment basis is treated as 
                                                                                  investment type income only if it is generated by the sale of an 
3.  In order to qualify as an investment company, taxpayer must submit a          investment type asset. Interest income received in conjunction 
schedule showing that it meets the following three-part business test             with each installment is deemed investment type income. 
and the assets test.
                                                                                  iii Deductions: For purposes of the 90% requirement  above, the 
(a)  i Income Adjusted: For purposes of the 90% requirement above,                taxpayer, during the entire period covered by its report, must have 
taxpayer,  during the entire period covered by its report, must                   incurred 90% or more of its total deductions as reported for federal 
have derived 90% or more of its total income before deductions                    income tax purposes for holding, investing and reinvesting in cash 
as reported for federal  income  tax purposes  from cash and/                     and/or investment type assets.
or investment type assets.  Total income before deductions as 
reported for federal income tax purposes must be adjusted as                     (b)    Assets test: For purposes  of the 90%  requirement  provided  by 
follows:                                                                          1.(2) above, at least 90% of the taxpayer’s gross assets located in 
                                                                                  New Jersey, valued at cost, must consist of cash and/or investment 
(1)  Add  gross  receipts  or  gross  sales  adjusted  for  gross  profit         type assets, during the period covered by its report.
(loss) reported for federal income taxes; 
                                                                                 4.  The election to report as an investment company is effective only for 
(2)  Add gross sales price from the disposition of assets adjusted               the particular year covered by the return and if desired for a subsequent 
for capital gain or loss or net gain or loss reported for federal                year must be renewed.
income taxes;
                                                                                 5.  The minimum tax is computed in accordance with instruction 11(d) and 
(3)  Add interest on federal, state, municipal, and other obligations            Schedule A-GR.
included in determining New Jersey net income, but  not 
otherwise included in federal total income; 

Schedule M              REGULATED INVESTMENT COMPANIES AND REAL ESTATE INVESTMENT TRUSTS

REGULATED INVESTMENT COMPANIES — 
GENERAL INFORMATION (See Instruction 35)
1.  Is this taxpayer registered and regulated under the Federal Investment  3.  Every taxpayer seeking to report as a regulated investment company 
Company Act of 1940 (54 Stat. 789, as amended)?                                  MUST SUBMIT WITH THIS RETURN  ITS PRINTED  ANNUAL 
“Yes” or “No”                                                                    REPORT TO STOCKHOLDERS for the period covered by this return 
                                                                                 together with all other stockholder reports issued by the company 
If “Yes,” give  registration  number  and  date of registration  with the        during such period.
Securities and Exchange Commission:                                              4.  The tax liability for a Regulated Investment Company is computed in 
Reg No.                  Date                                                    accordance with instruction 11(d) and Schedule A-GR and should be 
                                                                                 reported on line 9, page 1 of the return.
IMPORTANT NOTE:     If  the  taxpayer’s  certificate  under  the Act  was 
not obtained prior to the commencement of the period covered in the 
return or if such authority was not continued during such entire period, 
then the taxpayer is not entitled to report as a Regulated Investment 
Company.                                                                         REAL ESTATE INVESTMENT TRUSTS — 
2.  Has the taxpayer satisfied the requirements of Chapter 1, Subchapter M,      GENERAL INFORMATION (See Instruction 35)
Part I, Section 852(a) of the Federal Internal Revenue Code?                     1.  Is the taxpayer a corporation, unincorporated trust or unincorporated 
“Yes” or “No”                                                                    association which is qualified and has elected to be taxed as a real 
                                                                                 estate investment trust under federal law?
If  “No,” taxpayer is not entitled to report as a Regulated  Investment 
Company.                                                                         “Yes” or “No”

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Short Period – CBT-100-R – Page 12
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule P SUBSIDIARY INVESTMENT ANALYSIS (See Instruction 38)
NOTE: Taxpayers must hold 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares
of all other classes of stock, except non-voting stock which is limited and preferred as to dividends, for each subsidiary. Do not include
advances to subsidiaries in book value.
PART I DOMESTIC SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Domestic Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported in Sch. B) (as reported on Schedule A)

Totals ...............................................................................................................
PART II FOREIGN SUBSIDIARY
(1) (2) (3) (4)
Name of Percentage of Interest Book Value Foreign Dividend Income
Federal ID Number Subsidiary (a) Voting (b) Non-Voting (as reported in Sch. B) (as reported on Schedule A)

Totals ...............................................................................................................
PART III TOTAL OF 80% OR MORE OWNED SUBSIDIARY DIVIDENDS
1. Enter total from Part I, Column 4 (include here and on Schedule A-4) ....................................................................... 1.
2. Enter total from Part II, Column 4 (include here and on Schedule A-4) ...................................................................... 2.
3. Total dividends. Add lines 1 and 2 (include here and on Schedule R or Schedule PT) ................................................... 3.

NOTE: Include deemed and/or paid dividends.

Schedule P-1 PARTNERSHIP INVESTMENT ANALYSIS (See Instruction 39)
(1) (2) (3) (4) (5) (6) (7)
Partnership, LLC, or Other Entity Information Date and Percentage Tax Accounting Method New Jersey Tax Payments
State where of Limited General Flow Separate Nexus Made on Behalf
Name Federal ID Number Organized Ownership Partner Partner Through Accounting Yes No of Taxpayer by
Partnerships

Total Column 7 .......................................................................................................................................................................

Schedule PC PER CAPITA LICENSED PROFESSIONAL FEE (See Instruction 40)
1(a). Enter number of resident and nonresident professionals with physical nexus with
New Jersey x $150 ........................................................................................ 1a.
1(b). Enter number of nonresident professionals without physical nexus with
New Jersey x $150 x allocation factor of the PC ............................................ 1b.
1(c). Total Fee Due – Add lines 1(a) and line 1(b) ......................................................................... 1c.
2. Installment Payment – 50% of line 1(c) ................................................................................. 2.
3. Total Fee Due (line 1(c) plus line 2) ....................................................................................... 3.
4. Less prior year 50% installment payment and credit (if applicable) ...................................... 4. ( )
5. Balance of Fee Due (line 3 minus line 4). If the result is zero or above, include the amount
here and on page 1, line 17 ................................................................................................... 5.
6. Credit to next year’s Professional Corporation Fee (if line 5 is below zero, enter the
amount here) ......................................................................................................................... 6.

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Short Period – CBT-100-R – Page 13
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule Q QUALIFIED SUBCHAPTER S SUBSIDIARIES (QSSS)
1. Does this corporation own any Qualified Subchapter S Subsidiaries? ..........................................................Yes No
If yes, list all the QSSS’s names, addresses, and FID#’s below. Attach additional rider if necessary. Separately note those subsidiaries that have
made a New Jersey QSSS election and whose activities are included in this return.

Schedule R DIVIDEND EXCLUSION (See Instruction 41)
PART I DIVIDEND EXCLUSION
1. Dividend income from Schedule A ......................................................................................... 1.
2. Enter amount from Schedule P, Part III, line 3 ........................................................................ 2. ( )
3. Subtract line 2 from line 1 ....................................................................................................... 3.
4. Less: Dividend income from investments where taxpayer owns less than 50% of voting
stock and less than 50% of all other classes of stock. If zero or less, enter zero...................... 4. ( )
5. Subtract line 4 from line 3 ....................................................................................................... 5.
6. Multiply line 5 by 50% ............................................................................................................. 6.
7. DIVIDEND EXCLUSION: Add lines 2 and 6 (include here and on Schedule A, line 37a) ...... 7.
PART II 80% OR MORE OWNED SUBSIDIARY DIVIDENDS SUBJECT TO SPECIAL ALLOCATION
Section A
2014 2015 2016 Average Allocation
1. 3-year average allocation factor (as
previously reported on Schedule J) ...............
2. Enter the lesser of the average allocation (above) or 3.5%...................................................................................................
3a. Enter amount from Schedule A, line 38 ....... Is Line 3c zero or a negative number?
3b. Enter amount from Schedule A, line 37b ..... Yes. Complete Section C (leave Section B blank)
3c. Enter total of line 3a and 3b........................... No. Complete Section B (leave Section C blank)
Section B (Complete only if Schedule R, Part II, Section A, line 3c is a positive number)
1. Enter amount from Schedule P, Part III, line 3 ........................................................................ 1.
2. Enter amount from Schedule RT, Part III, line 3, if applicable ................................................ 2.
3. Subtract line 2 from line 1 (if zero or less, enter zero) ............................................................ 3.
4. Multiply line 3 by 5% (0.05) .................................................................................................... 4.
5. Enter amount from Schedule R, Part II, Section A, line 2 ....................................................... 5.
6. Allocated dividends – multiply line 4 by line 5 ........................................................................ 6.
7. Enter the amount from Schedule RT, Part I, line 2, if applicable ............................................ 7.
8. Subtract line 7 from line 6 (include here and on page 1, line 3b ONLY if greater than zero) . 8.
Section C (Complete only if Schedule R, Part II, Section A, line 3c is zero or a negative number)
1. Enter amount from Schedule P, Part III, line 3 ........................................................................ 1.
2. Enter amount from Schedule RT, Part III, line 3, if applicable ................................................ 2.
3. Subtract line 2 from line 1 (if zero or less, enter zero) ............................................................ 3.
4. Multiply line 3 by 5% (0.05) .................................................................................................... 4.
5. Enter amount from Schedule R, Part I, line 7 ......................................................................... 5.
6. Enter amount from Schedule A, line 36 (if zero or a negative number, enter zero) ................ 6.
7. Subtract line 6 from line 5 ....................................................................................................... 7.
8. Subtract line 7 from line 4 (if zero or less, enter zero) ............................................................ 8.
9. Enter amount from Schedule R, Part II, Section A, line 2 ...................................................... 9.
10. Allocated dividends – multiply line 8 by line 9 ........................................................................ 10.
11. Enter the amount from Schedule RT, Part I, line 2, if applicable ............................................ 11.
12. Subtract line 11 from line 10 (include here and on page 1, line 3b ONLY if greater than zero) 12.
Note: If you have allocated tiered dividend exclusions, you must complete Schedule RT. Schedule RT is available separately. If you had subsidiary divi-
dend income that was reported in a previous tax year for New Jersey Corporation Business Tax purposes and for which you paid greater than the
New Jersey minimum tax in that tax year and those same dividends are included in your entire net income this tax year, complete Schedule PT in
lieu of Schedule R. Schedule PT is available separately. See the index in the instructions for information on obtaining either schedule.

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Short Period – CBT-100-R – Page 14
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Schedule S – Part I DEPRECIATION AND SAFE HARBOR LEASING (See Instruction 42)

1. Section 179 Deduction ..................................................................................................................................... 1.

2. Special Depreciation Allowance – for certain property acquired after September 10, 2001 ............................ 2.

3. a) MACRS – for assets placed in service during accounting periods beginning on and after July 7, 1993 ..... 3a.

b) MACRS – included in line 3(a) for assets on which bonus depreciation and excess section 179 3b.
depreciation taken 3b ...................................................................................................................................
4. MACRS – for assets placed in service during accounting periods beginning prior to July 7, 1993 ............... 4.
5. ACRS................................................................................................................................................................ 5.
6. Other Depreciation – for assets placed in service after December 31, 1980 ................................................... 6.
7. Other Depreciation – for assets placed in service prior to January 1, 1981 ..................................................... 7.
8. Listed Property – for assets placed in service during accounting periods beginning on and after July 7, 1993 .. 8.
9. Listed Property – for assets placed in service during accounting periods beginning prior to July 7, 1993 ...... 9.
10. Total depreciation claimed in arriving at line 28, Schedule A ............................................................................ 10.

Attach Federal Form 4562 to Return and Include Federal Depreciation Worksheet

Adjustments at Line 32, Schedule A – Depreciation and Certain Safe Harbor Lease Transactions
11. Additions
(a) Amounts from lines 4, 5, 6 and 9 above ................................................................. a.
(b) Special Depreciation Allowance – for assets placed in service during accounting
periods beginning on and after January 1, 2002, and for which federal 30% or
50% bonus depreciation was taken in the current tax year. Include the initial 30%
or 50% bonus amount and the regular depreciation on the adjusted basis ............ b.
(c) Distributive share of ACRS and MACRS from a partnership .................................. c.
(d) Deductions on federal return resulting from an election made pursuant to IRC Sec-
tion 168(f)8 exclusive of elections made with respect to mass commuting vehicles
Interest....................................................................
Rent ........................................................................
Amortization of Transactional Costs .......................
Other Deductions.................................................... d.
(e) Section 179 depreciation in excess of New Jersey allowable deduction.
Fiscal year filers refer to instruction 43 ................................................................... e.
(f) Other additions ........................................................................................................ f.
Total line 11 (lines a, b, c, d, e, and f) ............................................................................................................................. 11.
12. Deductions
(a) New Jersey depreciation – (From Schedule S, Part II(A)) ...................................... a.
(b) New Jersey depreciation – (From Schedule S, Part II(B)) ...................................... b.
(c) Recomputed depreciation attributable to distributive share of recovery property
from a partnership ................................................................................................... c.
(d) Any income included in the return with respect to property described at line 11(d)
solely as a result of that election ............................................................................. d.
(e) The lessee/user should enter the amount of depreciation which would have been
allowable under the Internal Revenue Code at December 31, 1980, had there
been no safe harbor lease election ......................................................................... e.
(f) Excess of accumulated ACRS, MACRS, or bonus depreciation over accumulated
NJ depreciation on physical disposal of recovery property (attach computations) . f.
(g) Other deductions .................................................................................................... g.
Total line 12 (lines a, b, c, d, e, f, and g) ......................................................................................................................... 12.
13. ADJUSTMENT – (line 11 minus line 12) Enter at line 32, Schedule A ........................................................................... 13.

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                                                                                                     Short Period – CBT-100-R – Page 15
NAME AS SHOWN ON RETURN                                                      FEDERAL ID NUMBER

                        New Jersey Depreciation on Recovery Property Placed in Service On or After January 1, 1981, 
Schedule S – Part II(A) and Prior to Fiscal or Calendar Accounting Periods Beginning On and After July 7, 1993. 
  (A)                   (B)            (C)                                   (D) (E)                 (F)                                                                               (G)
Description of Property Month, Day, and Use Federal Basis      Depreciation      Method of    Life or Rate                                                                             New Jersey Depreciation
                        Year Placed in                         Allowable in      Figuring                                                                                              Computations
                        Service*                               Earlier Years     Depreciation
* Year placed in service acceptable for personal property only.
DO NOT USE “VARIOUS” IN ANY COLUMN. 
Class Life Asset Depreciation Range (CLADR) System Depreciation – Attach Computation

Total Column G ........................................................................................................................................................................

                                           INSTRUCTIONS
Column A –   Do not classify as 3, 5, 10, or 15 year property. Classify con-     effect of any ACRS deducted on the New Jersey Corporation 
  sistent with Internal Revenue Code at December 31, 1980.                       Business  Tax Return for property placed in service during 
  Account for distributive share of partnership property and de-                 1981.
  ductions separately. Do not include certain safe harbor lease 
  property.                                                                  Column E –   Any method allowable under the Internal Revenue Code at 
                                                                                 December 31, 1980.
Column B –   Clearly  segregate  property placed  in service during  each 
  year. Depreciation on personal property is to be computed                  Column F –   Any life or rate permissible under the Internal Revenue Code 
  using the half-year convention such that one half year depre-                  at December 31, 1980. (LIVES PERMISSIBLE UNDER THE 
  ciation is to be claimed to the exclusion of any other depreci-                IRS CODE AT DECEMBER 31, 1980, FREQUENTLY DIF-
  ation convention allowable under the Internal Revenue Code                     FER FROM ACRS AND MACRS LIVES)
  at December 31, 1980, for property placed in service during                Column G –   Consider any salvage value which was required to be consid-
  the current year.                                                              ered under Internal Revenue Code at December 31, 1980. 
Column C –   Basis is to be determined at the date property is placed in         Do not claim depreciation in the year of disposal. Accumu-
  service and not as provided under the Internal Revenue Code                    lated depreciation may not exceed accumulated ACRS and 
  at December 31, 1980. It is not to be restated where ACRS                      MACRS deductions over the life of the property and deduc-
  was accepted for certain property placed in service during                     tions for the final year or years are limited where ACRS was 
  1981.                                                                          deducted  on the New Jersey return for property placed  in 
                                                                                 service during 1981.
Column D –   Depreciation allowable under the method adopted and con-
  sistently applied for property described. Do not adjust for the

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                                                                                                             Short Period – CBT-100-R – Page 16
NAME AS SHOWN ON RETURN                                                    FEDERAL ID NUMBER

                                 Special Depreciation Allowance – for assets placed in service during accounting periods 
Schedule S – Part II(B)          beginning on and after January 1, 2002, and for which federal 30% or 50% bonus 
                                 depreciation or excess section 179 depreciation was taken.
(A)                     (B)                (C)                (D)          (E)                  (F)          (G)                                                                       (H)
Description of Property Month, Day,        Use Federal        Special      Depreciation         Method of    Life or Rate                                                              New Jersey 
                        and Year           Basis              Depreciation Allowable in Earlier Figuring                                                                               Depreciation 
                        Placed in Service*                    Allowance    Years                Depreciation                                                                           Computations

Total Column H ........................................................................................................................................................................
*Year placed in service acceptable for personal property only.

                                                              INSTRUCTIONS
Column A –   Classify consistent with Internal Revenue Code.               Column E –  Depreciation  allowable  under the  method adopted and 
                                                                               consistently applied for property described. Do not adjust for 
Column B –  Clearly  segregate  property placed  in service during  each       the effect of the 30% or 50% first-year bonus depreciation 
year.                                                                          allowance.
Column C –   Basis is to be determined at the date property is placed in   Column F –   Use the same method that was used for federal purposes.
service and not as provided after taking the 30% or 50% first 
year depreciation allowance.                                               Column G –   Use the same life that was used for federal purposes.
Column D –   State the amount of the 30% or 50% special  depreciation      Column H –   Figure the depreciation amount as if the 30% or 50% special 
allowance taken for the first year the property was placed in                  depreciation allowance was not in effect.
service.

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Short Period – CBT-100-R – Page 17
NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

NEW JERSEY DEPRECIATION FOR GAS, ELECTRIC, AND GAS AND ELECTRIC PUBLIC
Schedule S – Part III
UTILITIES (See Instruction 42)

1. Total depreciation claimed in arriving at Schedule A, line 28.......................................................................................... 1.

2. Federal depreciation for assets placed in service after January 1, 1998 ....................................................................... 2.

3. Net – Subtract line 2 from line 1 ..................................................................................................................................... 3.

4. New Jersey depreciation allowable on the Single Asset Account (Assets placed in service prior to January 1, 1998)

(a) Total adjusted federal depreciable basis as of December 31, 1997 ....................... a.

(b) Excess book depreciable basis over federal tax basis as of December 31, 1997 .. b.
(c) Less accumulated federal basis for all Single Asset Account property sold, retired
or disposed of to date ............................................................................................. c.
(d) Total (line 4(a) plus line 4(b) less line 4(c)) ............................................................. d.

5. New Jersey Depreciation – Divide line 4(d) by 30 .......................................................................................................... 5.

6. New Jersey Adjustment
(a) Depreciation adjustment for assets placed in service prior to January 1, 1998 –
Subtract line 5 from line 3 ....................................................................................... a.
(b) Special bonus depreciation adjustment from Schedule S, Part I, line 13 ............... b.

7. Total Adjustment – Add lines 6(a) and 6(b). Include here and on line 32, Schedule A ................................................... 7.

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Schedule I                                                                           Short Period – CBT-100-R – Page 18

                                         State of New Jersey 
                                         Division of Taxation

                          CERTIFICATE OF INACTIVITY

 For the period beginning                 ,                             , and ending              , 

Corporation Name                            Federal ID Number

 (NOTE: Attach this schedule to the taxpayer’s CBT-100 or CBT-100S, whichever is applicable)

 I certify that during the period covered by the attached tax return, the above named taxpayer had no 
 business activities, no income, no assets, and additionally, in the case of a New Jersey S Corporation, 
 made no distributions, and did not have any change in ownership.

 Signature of Corporate Officer             Title                                                Date

                                            INSTRUCTIONS
 In lieu of completing the entire CBT-100 or CBT-100S tax return, an inactive corporation may complete this schedule and one 
 of the following: pages 1 through 4 of the CBT-100 or pages 1 through 5 of the CBT-100S in order to fulfill its filing obligations 
 with the State of New Jersey. Note: If using third party software the Taxpayer Information and Return Summary page must 
 also be included. An inactive corporation is a corporation that, during the entire period covered by the tax return, did not 
 conduct any business, did not have any income, receipts, or expenses, did not own any assets, and additionally, for New 
 Jersey S corporations, did not make any distributions, and did not have any change in ownership.
 This schedule and the applicable pages from the Corporation Business Tax Return must be filed annually by the taxpayer. 
 The minimum tax liability and installment payment (if applicable) must be reported on page 1 of the Corporation Business 
 Tax Return. If a balance due exists, taxpayers must submit payment with the appropriate Corporation Business Tax Payment 
 Voucher, either CBT-100-V or CBT-100S-V.
 Schedule I and page 1 of the Corporation Business Tax Return must be signed by an officer of the corporation who is 
 authorized to attest to the truth of the statements contained therein.

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