Form 319 Urban Transit Hub Tax Credit - New Jersey

What Is Form 319?

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 Form 319?
A: Form 319 is the Urban Transit Hub Tax Credit Application issued by the state of New Jersey.

Q: What is the Urban Transit Hub Tax Credit?
A: The Urban Transit Hub Tax Credit is a tax incentive program in New Jersey that encourages development and revitalization in designated urban transit hub areas.

Q: Who is eligible to apply for the Urban Transit Hub Tax Credit?
A: Qualifying businesses and developers that meet the criteria set by the state of New Jersey are eligible to apply for the Urban Transit Hub Tax Credit.

Q: What does the Urban Transit Hub Tax Credit provide?
A: The tax credit provides financial incentives, including credits against the business's corporate business or gross income tax liability, for eligible businesses and developers in designated urban transit hub areas.

Q: What information is required on the Form 319?
A: The form requires information about the applicant's business, the proposed project details, and supporting documentation to demonstrate eligibility.

Q: Is there a deadline for submitting Form 319?
A: Yes, there is a specific deadline for submitting Form 319. It is advisable to check the current year's instructions or contact the New Jersey Division of Taxation for the deadline.

Q: Are there any fees associated with submitting Form 319?
A: There are no fees associated with submitting Form 319, but there might be costs related to preparing the required documentation and meeting the eligibility requirements.

Q: Can I claim the Urban Transit Hub Tax Credit if my project is outside New Jersey?
A: No, the Urban Transit Hub Tax Credit is only available for projects located in specified urban transit hub areas in New Jersey.