FORM 311-MISC           NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT FOR BUSINESS
(10-18, R-2)
                        TAXES OTHER THAN THE NEW JERSEY CORPORATION BUSINESS TAX
                            FOR RETURN PERIODS ENDING AFTER DECEMBER 31, 2007
Return period beginning ___________________, ___________ and ending ___________________, ___________
Name as Shown on Return     Federal ID Number                                                            NJ Corporation Number

                            READ THE INSTRUCTIONS BEFORE COMPLETING THIS FORM
PART  I       QUALIFICATIONS
1. Has the taxpayer received and attached a copy of the tax credit certificate issued by the commissioner
of the Department of Community Affairs?  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .                    ¨ YES ¨ NO

2. Did the taxpayer provide the assistance within the same year in which the commissioner issued the
certificate?  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¨ YES ¨ NO
If the answer to either question 1 or 2 is “NO”, do not complete the rest of this form.  The taxpayer is not eligible for this tax credit.  Otherwise,
go to Part II.

PART  II      CALCULATION OF THE NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT

3. Enter the amount of the credit approved by the Department of Community Affairs  . . . . . . . . . . . . . . . . . .                  3.

4. Total tax credit available - enter the lesser of line 3 or $1,000,000  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

Form 311-MISC
(10-18, R-2)                     Instructions for Form 311-MISC
             NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT FOR BUSINESS
             TAXES OTHER THAN THE NEW JERSEY CORPORATION BUSINESS TAX

Purpose of this Form - This schedule must be completed by any taxpayer that claims a tax credit as provided for in the Neighborhood
Revitalization  State Tax Act,  N.J.S.A.  52:27D-490  et  seq.  and  N.J.A.C.  5:47  et  seq.    Qualifying  taxes  include  those  taxes  imposed  on
business related income including but not limited to the tax imposed on marine insurance companies, the tax on insurers generally, the sewer
and water public utility taxes and the petroleum products gross receipts tax.  In order to qualify for this tax credit, the taxpayer must have
received  a  tax  credit  certificate  from  the  Department  of  Community Affairs  for  providing  funds  to  implement  a  qualified  neighborhood
preservation and revitalization project.  If the taxpayer claims this credit on a tax return, a completed Form 311-MISC must be attached to
the return to validate the claim.

PART I
QUALIFICATIONS
In order to be eligible for the tax credit, the answer to both questions 1 and 2 must be “YES”.  If the answer to either question is “NO”, the
taxpayer is not entitled to the Neighborhood Revitalization State Tax Credit.

A copy of the tax credit certificate issued by the commissioner of the Department of Community Affairs must be attached along with Form
311-MISC to the tax return.  Failure to attach this certificate will result in the denial of the tax credit claimed.

PART II
CALCULATION OF THE NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
Credits may be provided up to 100% of the approved assistance provided to a nonprofit organization to implement a qualified neighborhood
preservation and revitalization project.  The maximum credit allowed in any taxable year is $1,000,000.

UNUSED TAX CREDITS
There are no carryover provisions for this tax credit.  Any unused tax credits are forfeited.

FOR ADDITIONAL INFORMATION CONTACT:  New Jersey Department of Community Affairs, Division of Community Resources, PO Box
811, 101 South Broad Street, Trenton, NJ  08625, phone (609) 633-6286.