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 Urban Transit Hub Tax Credit is a tax form specific to the state of New Jersey that allows eligible businesses to claim a tax credit for investments made in designated urban transit hub projects.

Q: Who is eligible to use Form 319 Urban Transit Hub Tax Credit?
A: Businesses that make qualified investments in designated urban transit hub projects in New Jersey are eligible to use Form 319 to claim tax credits.

Q: What is the purpose of the Urban Transit Hub Tax Credit?
A: The Urban Transit Hub Tax Credit is designed to encourage private investment in urban areas and promote economic development.

Q: What types of investments are eligible for the Urban Transit Hub Tax Credit?
A: Eligible investments include the construction, renovation, or purchase of property that is part of a designated urban transit hub project in New Jersey.

Q: How much is the tax credit for eligible investments?
A: The tax credit for eligible investments can range from 10% to 100% of the qualified investment, depending on the location and type of project.

Q: How can businesses claim the Urban Transit Hub Tax Credit?
A: Businesses can claim the Urban Transit Hub Tax Credit by completing and filing Form 319 with the New Jersey Division of Taxation.

Q: Are there any deadlines for filing Form 319?
A: Yes, businesses must file Form 319 within 90 days of the completion of the qualified investment.