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A-5052-TC
4-22
Instructions for Completing Form A-5052
1. This form must be filed with the Application for Tax Clearance Certificate (Form A-5088-TC) whenever the taxpayer is unable to
file a tax return for the final tax period. This form is not required if the application is submitted with an Assumption of Tax Liability
for all taxes due. (See Form A-5033-TC, Step 1). An estimated Corporation Business Tax (CBT) liability is not required if the
taxpayer is included as a member on a combined CBT return.
2. This form must be completed before a Tax Clearance Certificate may be issued. It is to be completed on an estimated basis, for
the current period from the close of the last accounting period for which a return is required to be filed with the Division to the
proposed date of dissolution, merger, withdrawal, etc.
3. There must be annexed to the Estimated Summary Tax Return an affidavit of a corporate officer covering the following items:
(a) Computation of taxpayer’s actual entire net income from the close of its last accounting period for which a return is required
to be filed with the Division to the latest practicable date.
(b) Explanation of taxpayer’s method of computing estimated entire net income between such latest practicable date and the
proposed date of filing such Certificate with the Division of Revenue, Business Liquidations.
(c) A statement indicating whether taxpayer has realized or anticipates a gain on the sale, transfer, exchange, or conversion
of any capital or other assets, other than normal sales of inventories, for the period covered by this return. The actual or
estimated amount of such gains and the extent to which such gains have been included by the taxpayer in estimating its
net income for the period covered by this return must be indicated.
4. Upon receipt of this form and the Application for Tax Clearance Certificate, the taxpayer will be advised of any additional data
required and of the amount of any additional payment that must be submitted before the Tax Clearance Certificate can be
issued. Upon completion of our audit, after receipt of final return, any tax found to have been overpaid will be refunded.
5. Computation of Estimated Corporation Business Tax
(a) The tax rate is 9.0% (.09) on adjusted entire net income or such portion thereof as may be allocable to New Jersey. For
taxpayers with entire net income of $100,000 or less, the tax rate is 7.5% (.075). For accounting periods beginning on or
after January 1, 2002, if entire net income is $50,000 or less, the tax rate is 6.5% (.065).
(b) Minimum Tax:
(1) For the tax periods beginning on or after January 1, 2002, the minimum tax is $500, provided however that for a
taxpayer that is a member of an affiliated or controlled group (as per section 1504 or 1563 of the Internal Revenue
Code of 1986) that has a total payroll of $5,000,000 or more for the return period, the minimum tax shall be $2,000. Tax
periods of less than 12 months are subject to the higher minimum tax if the prorated total payroll exceeds $416,667 per
month. The minimum tax cannot be prorated.
(2) For the tax periods beginning on or after January 1, 2006, the minimum tax is based on New Jersey Gross Receipts as
follows (except for corporations that are members of affiliated groups with total payroll of $5,000,000 or more, whose
minimum tax is $2,000 annually – see 5(b)(1) above).
New Jersey Gross Receipts Minimum Tax for period begin:
CBT-100S
CBT-100/BFC-1 On or after
01/1/2012
Less than $100,000 $500 $375
$100,000 or more but less than $250,000 $750 $562
$250,000 or more but less than $500,000 $1,000 $750
$500,000 or more but less than $1,000,000 $1,500 $1,125
$1,000,000 or more $2,000 $1,500
(c) If the taxpayer is subject to the Alternative Minimum Assessment, see the instructions included in the Corporation
Business Tax return (CBT-100) to compute the AMA. CBT return and instructions are available on the Division’s website at
www.nj.gov/treasury/taxation/.
The maximum AMA for a taxpayer is $5,000,000 for a privilege period. The AMA threshold limit is $20,000,000 for an
affiliated group of five or more members.
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