Form 313 Economic Recovery Tax Credit - New Jersey

What Is Form 313?

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 313?
A: Form 313 is a tax form used in New Jersey to claim the Economic RecoveryTax Credit.

Q: What is the Economic Recovery Tax Credit?
A: The Economic Recovery Tax Credit is a credit designed to stimulate economic growth and job creation in New Jersey.

Q: Who is eligible to claim the Economic Recovery Tax Credit?
A: Businesses and individuals who meet the eligibility criteria set by the state of New Jersey.

Q: How do I claim the Economic Recovery Tax Credit?
A: To claim the credit, you must complete and submit Form 313 to the New Jersey Division of Taxation.

Q: What expenses qualify for the Economic Recovery Tax Credit?
A: Expenses related to job creation, expansion, or retention may qualify for the credit.

Q: How much is the Economic Recovery Tax Credit?
A: The amount of the credit varies based on the eligible expenses incurred by the taxpayer.

Q: Can the Economic Recovery Tax Credit be carried forward or refunded?
A: Yes, any unused portions of the credit can be carried forward for up to 20 years, or, in some cases, refunded.

Q: Are there any limitations or restrictions on the Economic Recovery Tax Credit?
A: Yes, there are specific limitations and restrictions outlined by the state of New Jersey. Consult the official guidelines or contact the New Jersey Division of Taxation for more information.