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Note: Most tax credits cannot reduce the tax liability below the
minimum tax. However, there are rare instances where it Schedule F
can. Follow the instructions on the credit form regarding Corporate Officers – General Information and
how and where to record the information to ensure the Compensation
credit is properly offsetting the tax liability. All applicable information should be provided for each corporate
officer regardless of whether compensation was received. The
Part II – Refundable Tax Credits data reported on Schedule F must match what is reported on
If the credit form calculates an amount to be refunded, enter the federal Form 1125-E. Include Form 1125-E with your return.
refundable portion on the appropriate line. The total on line 5
must equal the amount reported on page 1, line 8c.
Schedule G
Schedule A-4 Interest
If the taxpayer is claiming an exception to the disallowance of
Summary Schedule the expense reported in Part I or Part II of Schedule G, the tax-
Every corporation must complete this schedule. Report the payer must complete and include Schedule G-2. The schedule is
information on each line of Schedule A-4 from the return available on the Division’s website.
schedules indicated. All lines must be completed as applicable.
Non-allocating taxpayers must enter 1.000000 on line 5. Note: For tax years beginning on or after January 1, 2018,
the treaty exceptions have been limited pursuant to P.L.
2018, c. 48. There are additional requirements to meet
Schedule A-GR the treaty exceptions that are reported for the purposes of
Computation of New Jersey Gross Receipts and Part I and Part II of Schedule G. See the instructions for
Schedule G-2 for more information.
Minimum Tax
Subtract line 3 from line 2 on page 1. If the resulting tax liability Definitions
is less than $1,500, complete this schedule. Enter the greater Related member means a person that, with respect to the tax-
of the computed tax liability or the amount on Schedule A-GR, payer during all or any portion of the tax year is (1) a related
line 7 on page 1, line 4. entity, (2) a component member as defined in subsection (b) of
I.R.C. § 1563, (3) a person to or from whom there is attribution
The minimum tax is assessed based on the New Jersey Gross of stock ownership in accordance with subsection (e) of I.R.C.
Receipts as follows: § 1563, or (4) a person that, notwithstanding its form of organi-
zation, bears the same relationship to the taxpayer as a person
New Jersey Gross Receipts Minimum Tax described in (1) through (3) of this definition.
Less than $100,000 $375
$100,000 or more but less than $250,000 $562 means (1) a stockholder who is an individual or a
Related entity
$250,000 or more but less than $500,000 $750
member of the stockholder’s family enumerated in I.R.C. § 318,
$500,000 or more but less than $1,000,000 $1,125
$1,000,000 or more $1,500 if the stockholder and the members of the stockholder’s family
own, directly, indirectly, beneficially or constructively, in the ag-
If a taxpayer is filing a separate return and is a member of an gregate, at least 50% of the value of the taxpayer’s outstanding
affiliated or controlled group (as per I.R.C. § 1504 or § 1563) stock; (2) a stockholder, or a stockholder’s partnership, limited
that has a total payroll of $5,000,000 or more for the tax year, liability company, estate, trust or corporation, if the stockholder
the minimum tax is $2,000 regardless of the amount of the tax- and the stockholder’s partnerships, limited liability companies,
payer’s New Jersey gross receipts. In such instances, Schedule estates, trusts and corporations own directly, indirectly, bene-
A-GR does not need to be completed. Tax years of less than ficially or constructively, in the aggregate, at least 50% of the
12 months are subject to the higher minimum tax if the prorated value of the taxpayer’s outstanding stock; or (3) a corporation, or
total payroll exceeds $416,667 per month. Total payroll refers to a party related to the corporation in a manner that would require
the total payroll of the affiliated group rather than total New Jer- an attribution of stock from the corporation to the party or from
sey payroll of a single corporation. Taxpayers that are members the party to the corporation under the attribution rules I.R.C.
of an affiliated or controlled group must submit a schedule of § 318, if the taxpayer owns, directly, indirectly, beneficially or
payroll per member and a copy of the taxpayer’s federal affilia- constructively, at least 50% of the value of the corporation’s out-
tions schedule, Form 851, with the return. standing stock. The attribution rules of I.R.C. § 318, shall apply
for purposes of determining whether the ownership requirements
The minimum tax cannot be prorated. In general, zero (0) of this definition have been met.
returns are not permitted.
Intangible expenses and costs includes (1) expenses, losses,
and costs, for, related to, or in connection directly or indirectly
Schedule B with the direct or indirect acquisition, use, maintenance or man-
Schedule B has been discontinued. The Division will agement, ownership, sale, exchange, or any other disposition
use data from federal Form 1120-S, Schedule L. of intangible property to the extent such amounts are allowed
as deductions or costs in determining taxable income before
operating loss deduction and special deductions for the tax year
under the federal Internal Revenue Code of 1986, 26 U.S.C. s.1
Schedule C et seq., (2) losses related to, or incurred in connection directly or
Schedule C has been discontinued. The Division will indirectly with factoring transactions or discounting transactions,
use data from federal Form 1120-S, Schedules M-1, (3) royalty, patent, technical and copyright fees, (4) licensing
M-2, and M-3. fees, and (5) other similar expenses and costs.
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