FORM 315                                      New Jersey Corporation Business Tax
     2023                                                         AMA Tax Credit
Name as Shown on Return            Federal ID Number                                         Unitary ID Number, if applicable
                                                                                             NU
                                   Read the instructions before completing this form
Combined Return Filers
     The taxpayer is included as a taxable member on a New Jersey combined return. See instructions. 
     Fill in oval if member is not sharing its credit with other members of the group.       
Part I    Calculation of the Allowable Credit Amount and Carryover 
          (Combined return filers DO NOT complete Part I. Continue with Part II.)
  1.  Enter AMA Tax Credit carried over from prior year ............................................................................                 1.
  2.  Enter tax liability from page 1, line 2a of CBT-100 or CBT-100S .......................................................                        2.
  3.  Enter the required minimum tax liability (see instructions) .....................................................................              3.
  4.  Subtract line 3 from line 2 .................................................................................................................. 4.
  5.  Enter 50% of the tax liability reported on line 2..................................................................................            5.
  6.  Enter the lesser of line 4 or line 5 ......................................................................................................    6.
  7.  Other tax credits used by taxpayer on current year’s return (see instructions):
     (a)                           
     (b)                           
     (c)                           
     (d)                                                           ......................................Total                                       7.
  8. Subtract line 7 from line 6. If zero or less, enter zero ........................................................................               8.
  9. Allowable credit for the current tax period. Enter the lesser of line 1 or line 8 here and on 
     Schedule A-3, Part I of the CBT-100 or CBT-100S ............................................................................                    9.
  10.  Amount of credit carryover to following year’s return (subtract line 9 from line 1) .............................                             10.

Name as Shown on Return               Federal ID Number                                                 Unitary ID Number, if applicable
                                                                                                        NU
Part II   Calculation of Allowable Credit Amount and Carryover – Combined Return Filers ONLY
Section A – ALL Combined Return Filers
 11.  Enter AMA Tax Credit carried over from prior year ..............................................................................               11.
 12.  Enter the group tax liability from Schedule A, Section II, Part III, line 4a, column (c) of CBT-100U ....                                      12.
 13.  Enter the aggregate minimum tax of combined group members (see instructions) .................................                                 13.
 14.  Subtract line 13 from line 12 ................................................................................................................ 14.
 15.  Enter 50% of the tax liability reported on line 12 .................................................................................           15.
 16.  Enter the lesser of line 14 or line 15 ....................................................................................................    16.
 17.  Other tax credits used by combined group on current year’s return (see instructions):
 (a)                      
 (b)                      
 (c)                     
 (d)                                                                     ......................................Total                                 17.
 18.  Subtract line 17 from line 16. If zero or less, enter zero .....................................................................               18.
 19.  Allowable credit for the current tax period. Enter the lesser of line 11 or line 18. If sharing, also 
 enter in the member’s column of Schedule A-3, Part I of the CBT-100U ...........................................                                    19.
If SHARING credit, complete line 20.
If NOT sharing credit, skip line 20 and complete Section B.
 20.  Amount of credit carryover to following year’s return (subtract line 19 from line 11) ..........................                               20.
Section B – Combined Return Filers NOT Sharing Credit
 21.  a)  Enter combined group tax liability from line 12 ............................ 21a.
   b)  Divide line 21a by the combined group allocation factor from 
        Schedule J, line 9 ........................................................................ 21b.
   c)  Member’s share of combined group tax liability – Multiply line 21b by member’s allocation factor 
        from Schedule J, line 9 ..................................................................................................................   21c.
 22.  Required minimum tax liability ............................................................................................................    22. 2,000
 23.  Subtract line 22 from line 21c .............................................................................................................   23.
 24.  Enter 50% of the tax liability reported on line 21c ..............................................................................             24.
 25.  Enter the lesser of line 23 or line 24 ...................................................................................................     25.
 26.  Other tax credits used by taxpayer on current year’s return (see instructions):
 (a)                     
 (b)                     
 (c)                     
 (d)                                                                     .......................................Total                                26.
 27.  Subtract line 26 from line 25. If zero or less, enter zero .....................................................................               27.
 28.  Allowable credit for the current tax period. Enter the lesser of line 19 or line 27 here and in the 
 member’s column of Schedule A-3, Part I of the CBT-100U ..............................................................                              28.
 29.  Amount of credit carryover to following year’s return (subtract line 28 from line 11) ..........................                               29.

                                                 Instructions for Form 315 
                                                            AMA Tax Credit
For tax periods beginning on or after January 1, 2002, if a taxpayer incurs an AMA (Alternative Minimum Assessment) liability in excess 
of the regular CBT liability, the excess may be carried over to subsequent years and used as a credit against the regular CBT liability. The 
carryovers never expire. There are, however, limitations as to how much credit can be taken on any single return. 

Note: To claim the credit, the AMA must have been required and paid by the taxpayer. A taxpayer that was not required to pay the AMA 
cannot claim a credit.

New Jersey S corporations that formerly filed as C corporations and had an AMA liability can take the AMA credit on the CBT-100S tax 
return subject to the same rules as stated above.

To calculate the allowable credit and carryover, taxpayers filing Forms CBT-100 or CBT-100S complete Part I and CBT-100U filers com-
plete Part II.

Note: The AMA credit cannot be generated by a taxpayer for tax years beginning on and after August 1, 2018 (ending on and after July 31, 
2019). 

Combined Return Filers
If filing a combined return, this form must be completed by the member that earned the credit. All combined return filers must check the 
combined return filers box at the top of the form and complete Part II, Section A. 

Members Opting Not to Share. In general, tax credits are earned by a member of the combined group and are shareable with the com-
bined group. However, members are not required to share their credits. See N.J.S.A. 54:10A-4.6.i and TB-90(R), Tax Credits and Com-
bined Returns. In addition to Section A, members that choose not to share must also complete Part II, Section B and fill in the oval at the 
top of the form to indicate they are not sharing the credit.

       Taxpayers must include the appropriate credit form in the year the credit was earned even if they are not claiming the credit on 
       their tax return.

Part I – Calculation of the Allowable Credit Amount and Carryover (for CBT-100 and CBT-100S Filers only)
For CBT-100 and CBT-100S filers, the allowable AMA Tax Credit for the current year is calculated in Part I. Combined return filers do not 
complete Part I, and must complete Part II instead. The amount of this credit in addition to the amount of any other tax credits is limited to 
50% of the taxpayer’s total tax liability and cannot exceed an amount that would reduce the total tax liability below the statu tory minimum. 

Line 3 – The minimum tax is assessed based on the New Jersey Gross Receipts as follows: 

                         New Jersey Gross Receipts                        CBT-100         CBT-100S
                         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

If a taxpayer is filing a separate return and is a member of an affiliated or controlled group that has a total payroll of $5,000,000 or more for 
the return period, the minimum tax is $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.

Line 7 – Taxpayers claiming multiple credits must list any credits already applied to the tax liability to ensure accuracy of the calculation for 
maximum credit allowable.

Part II – Calculation of the Allowable Credit Amount and Carryover for Combined Return Filers
For CBT-100U filers, the total and allowable AMA Tax Credit for the current year is calculated in Part II. All combined return filers must 
complete Section A. Members that choose not to share their credit must also complete Section B.

Section A – To be completed by ALL combined return filers
This section calculates the amount of credit allowable for the group. If a member chooses not to share their credit with the group, Section A 
must still be completed to ensure the credit allowed for the member does not exceed the amount that would otherwise be allowed against 
the group tax liability.
The amount of the credit calculated in this section cannot exceed 50% of the group tax liability otherwise due and cannot reduce the tax 
liability to an amount less than the aggregate statutory minimum tax of the group members.

Line 13 – Multiply the number of taxable group members by $2,000 and enter the result.
Line 17 – Combined groups claiming multiple credits must list any credits already applied to the group tax liability to ensure accuracy of 
the calculation for maximum credit allowable.
Section B
This section is used to calculate the amount of credit allowable for members that choose not to share their credit with the group. Section B 
is completed based on the member’s share of the group tax liability. The amount of the credit calculated in this section cannot exceed 50% 
of the member’s tax liability otherwise due and cannot reduce the tax liability to an amount less than $2,000. The amount of the credit is 
also limited to the amount that would otherwise be allowed against the group tax liability if the member had been sharing the credit.
Line 26 – Members claiming multiple credits must list any credits already applied to the member’s tax liability to ensure accuracy of the 
calculation for maximum credit allowable.