Form GIT-317 Sheltered Workshop Tax Credit - New Jersey

What Is Form GIT-317?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the GIT-317 Sheltered Workshop Tax Credit?
A: The GIT-317 Sheltered Workshop Tax Credit is a tax credit available in New Jersey for businesses that employ individuals with disabilities in qualified sheltered workshops.

Q: Who can claim the GIT-317 Sheltered Workshop Tax Credit?
A: Businesses operating in New Jersey that employ individuals with disabilities in qualified sheltered workshops can claim the tax credit.

Q: What is a qualified sheltered workshop?
A: A qualified sheltered workshop is a facility that provides employment opportunities and training to individuals with disabilities, and is certified by the New Jersey Division of Vocational Rehabilitation Services.

Q: How much is the tax credit?
A: The tax credit is equal to 50% of the wages paid to eligible employees with disabilities in a qualified sheltered workshop, subject to certain limitations.

Q: Is there a maximum amount of tax credit that can be claimed?
A: Yes, the maximum annual tax credit that can be claimed is $5,000 per eligible employee with disabilities.

Q: How long can the tax credit be claimed?
A: The tax credit can be claimed for up to 10 years for each eligible employee with disabilities.

Q: How do I apply for the GIT-317 Sheltered Workshop Tax Credit?
A: To apply for the tax credit, businesses must complete and submit Form GIT-317 to the New Jersey Division of Taxation.

Q: Is there a deadline for claiming the tax credit?
A: Yes, the tax credit must be claimed on an annual basis by filing the required forms by the due date of the business's income tax return.