Form 317 Sheltered Workshop Tax Credit - New Jersey

What Is Form 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 Form 317 Sheltered Workshop Tax Credit?
A: Form 317 Sheltered Workshop Tax Credit is a tax credit available in New Jersey.

Q: What is a sheltered workshop?
A: A sheltered workshop is a vocational program that provides employment and training opportunities for individuals with disabilities.

Q: Who is eligible for the Form 317 Sheltered Workshop Tax Credit?
A: Employers who employ individuals with disabilities in a sheltered workshop in New Jersey are eligible for the tax credit.

Q: What is the purpose of the tax credit?
A: The tax credit encourages employers to hire and retain individuals with disabilities in sheltered workshops.

Q: How much is the tax credit?
A: The tax credit is equal to 50% of the eligible wages paid to individuals with disabilities in a sheltered workshop.

Q: What are eligible wages?
A: Eligible wages are the wages paid to individuals with disabilities in a sheltered workshop that meet certain criteria.

Q: Are there any limitations to the tax credit?
A: Yes, the tax credit is subject to certain limitations, including a maximum credit amount and a cap on the total credits that can be claimed by all employers in a given year.

Q: How can employers claim the tax credit?
A: Employers must complete and file Form 317 with the New Jersey Division of Taxation to claim the tax credit.

Q: Is there a deadline for filing Form 317?
A: Yes, Form 317 must be filed on or before the 15th day of the fourth month following the close of the tax year.