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 to claim the Economic RecoveryTax Credit in New Jersey.

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

Q: Who is eligible to claim the Economic Recovery Tax Credit?
A: Businesses that meet certain criteria set by the state of New Jersey may be eligible to claim the Economic Recovery Tax Credit.

Q: What expenses can be claimed under the Economic Recovery Tax Credit?
A: Expenses such as investments in new business facilities, workforce training, and research and development activities may be eligible for the tax credit.

Q: How can I claim the Economic Recovery Tax Credit?
A: To claim the tax credit, businesses must complete and submit Form 313 along with the required documentation to the New Jersey Division of Taxation.

Q: Are there any deadlines for claiming the Economic Recovery Tax Credit?
A: Yes, there are deadlines for claiming the tax credit. Businesses should refer to the instructions provided with Form 313 or check with the New Jersey Division of Taxation for the specific deadlines.

Q: Is the Economic Recovery Tax Credit refundable?
A: No, the Economic Recovery Tax Credit is not refundable. However, any unused credit can be carried forward for up to 20 years.

Q: What other tax incentives are available in New Jersey?
A: New Jersey offers various tax incentives for businesses, including the Grow New Jersey Assistance Program, the Brownfields Economic Development Initiative, and the Urban Enterprise Zone Program. Businesses are encouraged to explore these opportunities to support their growth and development.