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 Urban Transit Hub Tax Credit?
A: Form 319 is a tax credit form specific to New Jersey that is used to claim the Urban Transit Hub Tax Credit.

Q: Who is eligible to use Form 319?
A: Only businesses that meet the requirements outlined in the New Jersey Urban Transit Hub Tax Credit Law are eligible to use Form 319.

Q: What is the purpose of the Urban Transit Hub Tax Credit?
A: The purpose of the Urban Transit Hub Tax Credit is to encourage businesses to locate and invest in designated urban transit hub projects in New Jersey.

Q: How much tax credit can be claimed using Form 319?
A: The tax credit amount varies and is calculated based on a percentage of eligible project costs. Refer to the instructions on Form 319 for more details.

Q: Are there any limitations on the tax credit?
A: Yes, there are limitations on the tax credit, including an annual cap on the total amount of credits that can be awarded and a 10-year limit on using the credit.

Q: Is there a deadline for filing Form 319?
A: Yes, Form 319 must be filed on or before the due date for the corresponding tax return. Refer to the instructions on the form or consult with a tax professional for specific deadlines.