FORM 319                           New Jersey Corporation Business Tax
 2023                                   Urban Transit Hub 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   Qualifications
  1.  Does the taxpayer have written approval from the New Jersey Economic Development Authority to 
  receive an Urban Transit HUB Tax Credit? ...................................................................................................         YES  NO

  2.  Has the taxpayer received a tax credit certificate issued by the New Jersey Division of Taxation? .............                                  YES  NO
   Check the box to indicate a copy of the certificate has been submitted to the Division of Taxation 
Note:    If the answer to 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 Available Credit
  3.  Enter the tax credit amount approved for the current privilege period or tax year by the Economic 
  Development Authority......................................................................................................................... 3.

  4.  Urban Transit Hub Tax Credit carried forward from prior year .............................................................                 4.

  5.  Total credit available (add lines 3 and 4) .............................................................................................   5.
Part III Calculation of the Allowable Credit Amount and Carryforward
         (Combined return filers DO NOT complete Part III. Continue with Part IV.)

  6.  Enter tax liability from page 1, line 2a of CBT-100 or CBT-100S .........................................................                  6.
  7.  If taxpayer is a tenant, enter the total lease payments made during the privilege period or tax year 
  for occupancy in the qualified business facility. Otherwise, continue to line 8 .....................................                          7.
  8. Other tax credits used by taxpayer on current year’s return (see instructions):
    (a)                            
    (b)                            
    (c)                            
    (d)                                                           ......................................Total                                    8.

  9.  Subtract line 8 from line 6. If zero or less, enter zero ..........................................................................        9.
 10.  Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of lines 5, 
  7, or 9 and other taxpayers must enter the lesser of lines 5 or 9 here and on Schedule A-3, Part I of 
  the CBT-100 or CBT-100S ...................................................................................................................    10.

  11.  Amount of credit carryforward to following year’s return (subtract line 10 from line 5) .......................                           11.

Name as Shown on Return               Federal ID Number                                                Unitary ID Number, if applicable
                                                                                                       NU
Part IV   Calculation of Allowable Credit Amount and Carryforward – Combined Return Filers ONLY
Section A – ALL Combined Return Filers
 12.  Enter the group tax liability from Schedule A, Section II, Part III, line 4a, column (c) of CBT-100U ...                                    12.
 13.  If the member is a tenant, enter the total lease payments made during the privilege period or tax 
 year for occupancy in the qualified business facility. Otherwise, continue to line 14 ..........................                                 13.
 14.  Other tax credits used by combined group on current year’s return (see instructions):
 (a)                      
 (b)                      
 (c)                     
 (d)                                                                                                ......................................Total   14.
 15.  Subtract line 14 from line 12. If zero or less, enter zero .....................................................................            15.
 16.  Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of lines 
 5, 13, or 15 and other taxpayers must enter the lesser of lines 5 or 15. If sharing, also enter in the 
 member’s column of Schedule A-3, Part I of the CBT-100U. .............................................................                           16.
If SHARING credit, complete line 17.
If NOT sharing credit, skip line 17 and complete Section B.
 17.  Amount of credit carryforward to following year’s return (subtract line 16 from line 5).                                                    17.
Section B – Combined Return Filers NOT Sharing Credit
 18.  a)  Enter combined group tax liability from line 12 ............................             18a.
   b)  Divide line 18a by the combined group allocation factor from 
       Schedule J, line 9 ........................................................................ 18b.
   c)  Member’s share of combined group tax liability – Multiply line 18b by member’s allocation factor 
       from Schedule J, line 9 .................................................................................................................. 18c.
 19.  If member is a tenant, enter the total lease payments made during the privilege period or tax year 
 for occupancy in the qualified business facility. Otherwise, continue to line 20 ..................................                              19.
 20.  Other tax credits used by taxpayer on current year’s return (see instructions):
 (a)                     
 (b)                     
 (c)                     
 (d)                                                                                                .......................................Total  20.
 21.  Subtract line 20 from line 18c. If zero or less, enter zero ...................................................................             21.
 22.  Allowable credit for the current privilege period or tax year. Tenants must enter the lesser of 
 lines 16, 19, or 21 and other taxpayers must enter the lesser of lines 16 or 21 here and in the 
 member’s column of Schedule A-3, Part I of the CBT-100U ..............................................................                           22.
 23.  Amount of credit carryforward to following year’s return (subtract line 22 from line 5) .......................                             23.

                                                 Instructions for Form 319 
                                                 Urban Transit Hub Tax Credit 
Purpose of this Form
This form must be completed by any taxpayer that claims a tax credit as provided for in the Urban Transit Hub Tax Credit Act, P.L. 2007, 
c. 346, as amended by P.L. 2009, c.90 and P.L. 2012, c.35. (C.34:1B-207 et seq.). The Act establishes a tax credit of up to 100% of the 
qualified capital investments made by businesses, and a tax credit of up to 20% of the qualified capital investments made by developers. 
The tax credit can be taken over a 10-year period at the rate of one-tenth of the total amount of the credit for each privilege period or tax 
year. If the taxpayer claims this credit on Form CBT-100, CBT-100U, or CBT-100S, a completed Form 319 must be included with the return 
to validate the claim.

Parts III and IV are used to calculate the allowable credit and carryforward. Taxpayers filing Forms CBT-100 or CBT-100S complete Part III 
and CBT-100U filers complete Part IV.

Any amount of tax credit that exceeds the final tax liability for any privilege period or tax year may be carried forward for 20 years. The tax 
credits are not refundable.

Combined Return Filers
If filing a combined return, this form must be completed by the member that earned (purchased) the credit. All combined return filers must 
check the combined return filers box at the top of the form and complete Part IV, 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 IV, 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 – Qualifications
To be eligible for the tax credit, the answer to questions 1 and 2 must be “YES.” If the answer to question 1 or 2 is “NO,” the taxpayer is 
not entitled to the Urban Transit Hub Tax Credit.

A copy of the tax credit certificate and a copy of the completed Form 319 must be submitted by mail to the New Jersey Division of Taxa-
tion, CBT Refunds/Tax Credits, PO Box 259, Trenton, NJ 08695-0259. Failure to submit this documentation by mail will result in the delay 
and/or denial of the tax credit claimed.

Part II – Calculation of Available Credit
Line 3 – The amount of the tax credit is equal to the amount reported on the tax credit certificate that was issued by the New Jersey Divi-
sion of Taxation.

Part III – Calculation of the Allowable Credit Amount and Carryforward (for CBT-100 and CBT-100S Filers 
only)
For CBT-100 and CBT-100S filers, the allowable Urban Transit Hub Tax Credit for the current tax period is calculated in Part III. Combined 
return filers do not complete Part III, and must complete Part IV instead.

For tenants, the amount of credit allowed for a privilege period or tax year to a taxpayer that is a tenant cannot exceed the total lease pay-
ments for occupancy in a qualified business facility for that privilege period or tax year. 

Line 8 – 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 IV – Calculation of the Allowable Credit Amount and Carryforward for Combined Return Filers
For CBT-100U filers, the total and allowable Urban Transit Hub Tax Credit for the current year is calculated in Part IV. 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.

For tenants, the amount of credit allowed for a privilege period or tax year to a taxpayer that is a tenant cannot exceed the total lease pay-
ments for occupancy in a qualified business facility for that privilege period or tax year. 

Line 14 – 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 is limited to the amount that would otherwise 
be allowed against the group tax liability if the member had been sharing the credit.

Line 20 – 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.