NJ Division of Taxation - Corporation Business Tax Reform Information

Corporation Business Tax Reform Information

P.L. 2018, c. 48, and P.L. 2018, c. 131 made significant changes to the Corporation Business Tax Act. The Division is in the process drafting information regarding these changes. Information will continue to be posted as it becomes available.

Form DT-1 . Publicly-traded combined groups eligible to apply for a Net Deferred Tax Liability Deduction can begin uploading Form DT-1 on or before May 15, 2020.
TB-91(R) Banking Corporations and Combined Returns . This Technical Bulletin explains the treatment of banking corporations and combined groups.
2019 NJ CBT-100U (Combined Return) . Sample Form and Instructions Now Available on Taxation’s Website.
TB-96 Net Deferred Tax Liability Deduction and Combined Returns . This bulletin explains the eligibility requirements for the deduction and addresses specific questions that the Division has received.
2019 Extensions. Certain fiscal tax year filers may qualify for an automatic extension.

2019 NJ CBT-100U (Combined Return) . Sample Form and Instructions Now Available on Taxation’s Website.
Combined Group Managerial Member Procedures. Information on general procedures for managerial members of combined groups.
2019 Automatic Extensions. Certain fiscal tax year filers may qualify for an automatic extension.
Surtax Information. General information about the Corporation Business Tax surtax.
Efile Mandate. Electronic Filing and Payment Mandate for Corporation Business Tax N.J.A.C. 18:7-11.19.

Publication	Type	Name
TB-96		TB-96 Net Deferred Tax Liability Deduction and Combined Returns
TB-95		Net Operating Losses and Combined Groups
TB-94(R)		General Information on the New Net Operating Loss Regime for Tax Years Ending on and After July 31, 2019
TB-93		The Unitary Business Principle and Combined Returns
TB-92(R)		Sourcing IRC §951A (GILTI) and IRC §250 (FDII)
TB-91		Banking Corporations and Combined Returns
TB-90		Tax Credits and Combined Returns
TB-89(R)		Combined Group Filing Methods
TB-88		Combined Groups: Exclusion of Double Inclusion of GILTI and Treatment of Related Party Addbacks
TB-87		Initial Guidance for Corporation Business Tax Filers and the IRC § 163(j) Limitation
TB-86(R)		Included and Excluded Business Entities in a Combined Group and the Minimum Tax of a Taxpayer That is a Member of a Combined Group
TB-85		Tax Conformity to IRC §951A (GILTI) and IRC §250 (FDII)
TB-84(R)		Changes to the New Jersey Corporation Business Tax
TB-80		Addback of Other States Taxes
Notice		Federal Tax Cuts and Jobs Act (TCJA) – Opportunity Zones
TB-79(R)		Nexus for Corporation Business Tax
TAM–2015-1(R)		New Jersey Tax Treatment of Virtual Currency
LR: 2012-5-CBT		Sourcing of income received from issuing and selling of stored value cards, gift cards, gift certificates and similar items for apportionment purposes
TAM 2011-13R		Add Back of Related Member Interest Expense
TAM-2012-1		Intercompany Transfer Pricing and Advanced Pricing Agreements
TAM 2011-22		International Affiliate Transactions Involving Intangibles and Intellectual Property
TAM 2011-6		Foreign Corporations Subject to Tax

For tax years beginning on or after January 1, 2016, all Corporation Business Tax returns and payments must be made electronically. Forms and instructions are available online for informational purposes.

Form	Type	Name
CBT-100 and CBT-100S		Corporation Business Tax Return
BFC-1		Corporation Business Tax Return for Banking and Financial Institutions
CBT-DIV 2017 Supplemental		Supplemental Corporation Business Tax Return
CBT-100-R		Short Period Corporation Business Tax Return for accounting periods that begin on or after January 1, 2018, and end before July 31, 2018

30-Day Penalty Relief. An automatic 30-day extension has been provided for filing Corporation Business Tax returns with an original due date of October 15, 2019.
NOTICE: Reporting FDII on Schedule A.
Notice: 2018 Schedule A-4 of CBT-100 and BFC-1 Correction. Line number references to Schedule PT were corrected on Schedule A-4.
New Form CBT-100-R. Information about a short-period tax return for accounting periods that begin on or after January 1, 2018, and end before July 31, 2018.
Net Operating Loss Conversion Worksheet 500-P. A new worksheet for converting the net operating loss subtraction calculation from a pre-allocation to post-allocation basis will be available in the 2018 Corporation Business Tax Return.
Extensions. Form CBT-100 and CBT-100S filers, with a return due date of November 2018, or December 2018, or January 2019, may qualify for an extension.
Surtax Information. General information about the Corporation Business Tax surtax.

Notice: Form CBT-DIV 2017 Supplemental Required. Form CBT-DIV 2017 Supplemental must be submitted even if the information was included on the 2017 corporation business tax return.
Notice: Amending Form CBT-DIV 2017 Supplemental if Amending Federal Repatriation Statements. Information on due dates of an original or amended Form CBT-DIV 2017 Supplemental.
Guidance for Reporting IRC §965 Income and Other Retroactive Changes. Form CBT-DIV 2017 Supplemental was created for taxpayers to reconcile their previously filed Form CBT-100 or BFC-1 to account for the retroactive changes to the Corporation Business Tax Act resulting from the legislation.
CBT-DIV 2017 Supplemental . The form and instructions for reporting IRC §965 income and other 2017 retroactive changes.
30 Day Penalty Relief. An automatic 30-day extension has been provided for filing Corporation Business Tax returns with an original due date of October 15, 2018.
Form CBT-DIV 2017 Supplemental. To be used in Lieu of CBT-DIV 2017