Fill - Free fillable 2009 CBT-100-P STATE OF NEW JERSEY DEPARTMENT OF (The State of New Jersey) PDF form

2009 CBT-100-P

STATE OF NEW JERSEY

DEPARTMENT OF THE TREASURY

DIVISION OF TAXATION

REVENUE PROCESSING CENTER

PO BOX 666

TRENTON, NJ 08646-0666

This Packet Contains:

Form CBT-100 Corporation Business Tax Returns

Form CBT-100A General Instructions

Form CBT-100-V Payment Voucher

Form CBT-160-A Underpayment of Estimated Corporation Tax

Form CBT-160-B Underpayment of Estimated Corporation Tax

Form CBT-200-T Tentative Return and Application for

Extension of Time to File Return

NOTE: THE ANNUAL REPORT IS NO LONGER FILED WITH

THE CORPORATION BUSINESS TAX RETURN. TO FILE

AND PAY ELECTRONICALLY, VISIT THE DIVISION OF

REVENUE’S WEBSITE AT http://www

.state.nj.us/njbgs.

NEW JERSEY

CORPORATION BUSINESS TAX FORMS

2009 New Jersey Corporation Business Tax

PAYMENT VOUCHER (Form CBT-100-V) and

EXTENSION REQUEST (Form CBT-200-T)

A payment voucher and an extension request are included in this CBT-100 pack-

et. Please do not staple, paper clip or use any other fastening device to attach a

check to either of these forms. Be sure to print or type the numbers which you are

reporting on these forms within the boundaries of each box as indicated below.

Form CBT-100-V is the document that should be used to remit the Total Balance

Due as reported on page 1, line 24 of the tax return. Use the payment voucher, Form

CBT-100-V, only if you owe tax on the 2009 return and you are not registered with the

Division of Revenue’s Electronic Funds Transfer Program. If you are due a refund

and/or credit on the 2009 return, do not use the payment voucher. The payment vouch-

er should be mailed along with your check and tax return in the envelope provided in this

packet on or before the original or extended due date of the tax return, whichever is

applicable.

The extension request, Form CBT-200-T, must be postmarked on or before the

original due date of the tax return in order to obtain an automatic six month extension.

Taxpayers may remit the related payment using the Electronic Funds Transfer Program,

however, they must file the CBT-200-T using the form provided. All taxpayers must mail

the completed form and related payment, if applicable, to the address indicated on the

front of the form when requesting an extension of time to file their tax return.

To make payments for the above vouchers electronically, refer to the

instructions on page 14.

NOTE: The CBT-100-V and the CBT-200-T forms cannot be used by

Partnerships to make payments or request extensions for the Partnership Return. The

PART-100 and PART-200-T forms must be used in connection with NJ-1065 filings.

These forms are available on the Division’s website.

TAX RETURN MAILING ADDRESS

Send the completed tax return to the following address: State of New Jersey,

Division of Taxation, Revenue Processing Center, PO Box 666, Trenton, NJ 08646-

0666.

0965432

A MESSAGE TO THE TAXPAYER

The 2009 New Jersey Corporation Business Tax Return, Form CBT-100, and instructions are included in

this packet. As indicated on the top of page 1 of the tax form, this packet should be used only for account-

ing periods ending on or after July 31, 2009 through June 30, 2010. Please note that registration marks

are located on pages 1 through 4 of the tax return in order to facilitate the processing of the return. Also

note that Federal S Corporations that have not elected NJ S Corporation status must complete Schedule

A in full. It is no longer acceptable to submit federal form 1120S in lieu of completing lines 1 through 27.

The following changes are new for the 2009 tax year:

 Schedule T - Acknowledgement of Responsibility, which was new last year, has been removed

from the tax return.

The following item was new for last year and is listed as a reminder:

 A new tax credit, the Urban Transit Hub Tax Credit, is included on Schedule A-3, Summary of Tax

Credits. General information regarding this tax credit can be found in the instructions.

Please remember that the Annual Report must be filed and paid electronically by all business entities

including but not limited to corporations, limited liability companies, limited liability partnerships, limited

partnerships and non-profit entities. The paper form was eliminated and the Annual Report is no longer

part of the CBT-100 and CBT-100S tax returns. To file and pay electronically, visit the Division of

Revenue’s website at http://www

.st

ate.nj.us/njbgs.

The Annual Report, which is a statutorily mandated filing, contains vital public information and is required

to be filed annually. Filing the Annual Report electronically, improves the timeliness and accuracy of the

information presented to the legal and financial community about your business in such formats as status

reports and standing certificates.

Also, the Division continues to gather information from the Corporation Business Tax Returns in order to

provide statistics to the Study Commission created by the Business Tax Reform Act, P.L. 2002, Chapter

40. All taxpayers are requested to complete the schedules on the state forms rather than attaching sepa-

rate schedules.

If additional information is needed to complete this return, please contact the Division of Taxation’s

Customer Service Center at (609) 292-6400 or write to the Division of Taxation, Information and

Publications Branch, PO Box 281, Trenton, NJ 08695-0281.

Cheryl Fulmer

Acting Director

NJ Division of Taxation

CBT100 - TABLE OF CONTENTS

Subject / Instruction Number Page

Accounting Method 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Accounting Periods 3(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Allocation 32, 33, 34, 35, 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7, 8

Alternative Minimum Assessment 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Amended Returns 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Average Values 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Consolidated Returns 8(a), 16(a)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 4

Credit for Installment Payments 48(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12

Credit for Taxes Paid to Other Jurisdictions 34(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Deduction for Foreign Taxes Deemed Paid 16(h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Depreciation and Safe Harbor Leasing 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

DISC’s 8(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Dividend Exclusion 16(j), 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4, 8

Due Dates 3(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Electronic Funds Transfers 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Estimated Tax Installment Payments 47, 48(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Extension of Time to File Return 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Federal Adjustments to Income 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4

Filing Qualifications and Requirements 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

FSC’s 8(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Financial Business Corporation 8(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

Inactive Corporations 2, 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1, 6

Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Installment Payment 4(b), 7(d), 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 12

Interest 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Interest and Intangible Expenses and Costs 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Investment Companies 11(b), 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 8

Minimum Tax 11(d), 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 5

New Corporations 3(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Net Operating Loss 16(i), 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Nexus - Immune Activity Declaration 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Nonoperational Activity 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Optional Copies of Schedules 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

Overpayment Credit 48(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Partnership Investments 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Partnership Payment 47(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Payment of Tax 4(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Penalties 7(e), 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2, 12

Personal Liability of Officers and Directors in Dissolution or Liquidation 6 . . . . . . . . . . . . . . . . . . 2

Professional Corporations 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Real Estate Investment Trusts 11(b), 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 8

Regular Place of Business 32(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Regulated Investment Companies 11(c), 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3, 8

Riders 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

S Corporations 8(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Signature 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Subsidiary Investments 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Summary Schedule 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Tax Credits 19, 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4, 9

Tax Rates 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Taxes 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Tentative Payment Credit 48(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Underpayment of Estimated Tax 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

CLASS OF TAXPAYER

1. Non-Allocating

2. Allocating

3. Investment Company

4. Regulated Investment Company

5. Real Estate Investment Trust

6. Professional Corporation

P-1

A-3

A-4

A-2

C-1

A-5

A-GR

SCHEDULES

CBT-100A

STATE OF NEW JERSEY

DIVISION OF TAXATION CORPORATION TAX

INSTRUCTIONS FOR CORPORATION BUSINESS TAX RETURN

(Form CBT-100 - 2009)

SCHEDULE CHART

TAXPAYER MUST COMPLETE SCHEDULES INDICATED BY “X” FOR ITS RESPECTIVE CLASS

NOTE: If applicable, Schedule G-2, Schedule N and Schedule O are available from the Division’s Web site or Taxpayer Forms Service. Refer to

the index on page 13.

1. COMPLETING AND MAILING RETURNS:

Please read all instructions carefully before completing

returns.

(a) Statutory references are to the New Jersey Statutes Annotated

and indicate, unless otherwise designated, the section of the

Corporation Business Tax Act, as amended and supplemented,

on which the instruction is based. To obtain additional informa-

tion or tax forms, follow the instructions on page 14.

(b) Print or type the Federal Employer Identification Number, New

Jersey Corporation Number, Corporation Name and complete

address and zip code in the space provided on the return.

of the return. The principal business activity code should be

taken from the taxpayer’s Federal tax return. Be sure to provide

the location of the corporate books as well as a contact person

and telephone number.

(d) Send the completed return to: State of New Jersey, Division of

Taxation, Revenue Processing Center, PO Box 666, Trenton,

NJ 08646-0666.

2. (a) Unless the corporation is inactive for the entire period covered

by the return, all schedules and questions must be answered

unless permission to omit or substitute is indicated on the return

form. All applicable schedules must be submitted on the official

New Jersey tax form. If the answer to any item is “No” or

“None”, write “No” or “None”. Do not merely leave the item

blank.

(b) Inactive corporations that, during the period covered by the

return, did not conduct any business, did not have any income,

receipts or expenses, and did not own any assets, need only

submit pages 1 through 4 of the return along with Schedule I,

Certification of Inactivity. Payment for the related minimum tax

liability, the surtax and the installment payment (if applicable)

must be submitted with Form CBT-100-V. Refer to instruction

30.

3. (a) 2009 ACCOUNTING PERIODS AND DUE DATES: The 2009

Corporation Business Tax Return should only be used for

accounting periods ending on and after July 31, 2009 through

June 30, 2010. The due dates for all 2009 Corporation

Business Tax Returns and payments are reported on the fol-

lowing schedule.

Calendar or fiscal accounting year is the same accounting peri-

od upon which the taxpayer is required to report to the United

States Treasury Department for Federal Income Tax purposes.

Please note the ending month of the accounting period for

Federal returns and New Jersey returns must match, however,

the tax return year for the Federal and State returns may differ.

(i.e. A taxable year ending 8/31/08 may be filed on a 2007

Federal 1120; the same taxable year must be filed on a 2009 NJ

CBT-100.) All accounting periods must end on the last day of

the month, except that taxpayers may use the same 52-53 week

accounting year that is used for Federal Income Tax purposes,

see N.J.A.C. 18:7-2.3.

Do not alter the year appearing in the upper left hand corner of the

taxable year caption on page 1 of the CBT-100. Changing the

above information will delay the processing of your return. If

returns are required for a different year, please refer to the index on

page 13 of this booklet.

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If accounting July 31, Aug 31, Sept 30, Oct. 31, Nov. 30, Dec. 31,

period ends on: 2009 2009 2009 2009 2009 2009

Due date for Nov. 16, Dec. 15, Jan. 15, Feb. 16, Mar. 15, Apr. 15,

filing is: 2009 2009 2009 2010 2010 2010

If accounting Jan. 31, Feb. 28, Mar. 31, Apr. 30, May 31, June 30,

period ends on 2010 2010 2010 2010 2010 2010

Due date for May 17, June 15, July 15, Aug. 16, Sept. 15, Oct. 15,

filing is: 2010 2010 2010 2010 2010 2010

(b) NEW CORPORATIONS:

(1) Every New Jersey corporation acquires a taxable status

beginning 1) on the date of its incorporation, or 2) on the

first day of the month following its incorporation if so stat-

ed in its certificate of incorporation. Every corporation

which incorporates, qualifies or otherwise acquires a tax-

able status in New Jersey must file a Corporation

Business Tax Return. A tax return must be filed for each

fiscal period, or part thereof, beginning on the date the

corporation acquired a taxable status in New Jersey

regardless of whether it had any assets or conducted any

business activities. No return may cover a period exceed-

ing twelve (12) months, even by a day.

(2) Every corporation that elects to be a New Jersey S

Corporation must file a “New Jersey S Corporation or New

Jersey QSSS Election” (Form CBT-2553) within one cal-

endar month subsequent to the Federal S Corporation fil-

ing requirement.

(3) Every corporation which incorporates, qualifies or other-

wise acquires a taxable status in New Jersey and which

has adopted a fiscal year other than December 31, shall

advise the Division of Taxation promptly of the date of

such accounting period. If no such advice is received on

or before April 15, 2010, the taxpayer will be deemed

“delinquent” if no return is filed on or before April 15, 2010.

AUTHORITY: In addition to any other liabilities imposed by

law, a foreign corporation which transacts business in this

State without a certificate of authority shall forfeit to the State

a penalty of not less than $200.00, nor more than $1,000.00

for each calendar year, not more than 5 years prior thereto, in

which it shall have transacted business in this State without a

certificate of authority. N.J.S.A. 14A:13-11(3).

4. (a) PAYMENT OF TAX: Make remittance payable to “State of

New Jersey - CBT” and forward with the payment voucher,

Form CBT-100-V, provided in this packet. MAKE OUT A

SEPARATE REMITTANCE FOR EACH TAX RETURN (CBT-

100) OR ESTIMATED PAYMENT VOUCHER (CBT-150)

SUBMITTED. Do not remit the tax for two or more returns in

one check. Indicate the taxpayer’s Federal Employer

Identification Number on each remittance.

(b) All corporations are required to make installment payments of

estimated tax. Generally, these payments are remitted with

the form CBT-150. Refer to instruction 47 for further informa-

tion. If tax liability is $500, refer to 7(d).

page 14.

5. ELECTRONIC FUNDS TRANSFERS: The Division of Revenue

has established procedures to allow the remittance of tax pay-

ments through Electronic Funds Transfer (EFT). Taxpayers with

a prior year’s liability of $10,000 or more in any one tax are

required to remit all tax payments using EFT. If you have any

questions concerning the EFT program, call (609) 984-9830, fax

(609) 292-1777 or write to NJ Division of Revenue, EFT Section,

PO Box 191, Trenton, NJ 08646-0191.

6. PERSONAL LIABILITY OF OFFICERS AND DIRECTORS: Any

officer or director of any corporation who shall distribute or cause

to be distributed any assets in dissolution or liquidation to the

stockholders without having first paid all corporation franchise

taxes, fees, penalties and interest imposed upon said corporation,

in accordance with N.J.S.A. 14A:6-12, N.J.S.A. 54:50-18 and

other applicable provisions of law, shall be personally liable for

said unpaid taxes, fees, penalties and interest. Compliance with

N.J.S.A. 54:50-13 is also required in the case of certain mergers,

consolidations and dissolutions.

7. EXTENSION OF TIME TO FILE RETURN/INSTRUCTIONS FOR

FORM CBT-200-T:

(a) AUTOMATIC EXTENSION: Where a tentative return, Form

CBT-200-T, and tax payment are timely and properly filed, it is

the policy of the Division of Taxation to grant an extension of

no more than six (6) months for filing the CBT-100.

The return must include the computation of tax liabilities on

lines 1 and 2 and, if applicable, the Key Corporation AMA and

Throw Out payments on line 3 and line 4 and the Tentative

Professional Fees on lines 5 and 6. The amounts reported on

lines 1, 3 and 4 must include the 4% surtax. Submit the com-

pleted CBT-200-T with payment of the total amount due as

reflected on line 9. The tentative return must be postmarked

on or before the original due date of the tax return.

(b) Where a request for extension is duly made, it will be granted

by the Division. Approved extensions will not be confirmed in

writing.

(d) INSTALLMENT PAYMENT: Any taxpayer with a tax liability of

$500 on line 1, may make a payment of 50% of line 1 in lieu

of making the installment payments otherwise required.

Taxpayers that report a tax liability greater than $500 on line 1

should not make an entry on line 2 and are required to make

installment payments of estimated tax indicated in instruction

47. Any taxpayer with Professional Corporation Fee liabilities

at line 5 must report and remit an installment payment of 50%

of line 5.

(e) PENALTIES AND INTEREST

(1) Interest - The annual interest rate is 3% above the average

predominant prime rate. Interest is imposed each month

or fraction thereof on the unpaid balance of tax from the

original due date to the date of payment. At the end of

each calendar year, any tax, penalties and interest remain-

ing due will become part of the balance on which interest

will be charged. The interest rates assessed by the

Division of Taxation are published in the quarterly issues of

the New Jersey State Tax News. See “Tax Forms and

Information” on page 13 for information on obtaining

copies of the newsletter.

NOTE: The average predominant prime rate is the rate as

determined by the Board of Governors of the Federal

Reserve System, quoted by commercial banks to large

businesses on December 1st of the calendar year immedi-

ately preceding the calendar year in which payment was

due or as redetermined by the Director in accordance with

N.J.S.A. 54:48-2.

(2) Insufficiency Penalty - If the amount paid with the Tentative

Return, Form CBT-200-T, is less than 90% of the tax liabil-

ity computed on Form CBT-100, or in the case of a tax-

payer whose preceding return covered a full 12 month

period, is less than the amount of the tax computed at the

rates applicable to the current accounting year but on the

basis of the facts shown and the law applicable to the pre-

ceding accounting year, the taxpayer may be liable for a

penalty of 5% per month or fraction thereof not to exceed

25% of the amount of underpayment from the original due

date to the date of actual payment.

8. (a) CONSOLIDATED RETURNS NOT PERMITTED: A corpora-

tion which is included in a consolidated Federal Income Tax

Return must complete all schedules on its own separate

basis and attach a copy of the Affiliations Schedule, Form 851,

which it filed with Form 1120 for Federal Income Tax purpos-

es.

(b) FEDERAL S CORPORATIONS: Federal S Corporations

which have not elected and been authorized to be New Jersey

S Corporations must complete this return as though no elec-

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tion had been made under Section 1362 of the Internal

Revenue Code. A copy of form 1120S as filed must be sub-

mitted. Lines 1 through 28 on Schedule A of the CBT-100

must be completed. New Jersey S Corporations must file the

New Jersey S Corporation Business Tax Return, Form CBT-

100S.

(DISC’s): A Domestic International Sales Corporation must

complete this return as though no election had been made

under Sections 992-999 of the Internal Revenue Code. A

DISC must complete all applicable schedules on the return.

(d) FOREIGN SALES CORPORATIONS (FSC’s): A foreign

sales corporation must complete this return as though no

election had been made under Sections 922-927 of the

Internal Revenue Code. An FSC must complete all applicable

schedules on the return. Under Section 5, P.L. 106-519, no

corporation may elect to be an FSC after September 30, 2000.

(e) FINANCIAL BUSINESS CORPORATIONS: Corporations

which qualify as financial businesses, those which derive 75%

of their gross income from the financial activities enumerated

at N.J.A.C. 18:7-1.16(a)1 through (a)7, must file the New

Jersey Corporation Business Tax Return for Banking and

Financial Business, Form BFC-1. This form and related infor-

mation may be obtained from the Division of Taxation, Special

Audit Section, PO Box 271, Trenton, NJ 08695-0271 or by

calling (609) 292-5301.

9. ACCOUNTING METHOD: The return must be completed using

the same method of accounting, cash, accrual or other, that was

employed in the taxpayer’s Federal Income Tax Return.

10. RIDERS: Where space is insufficient, attach riders in the same

form as the original printed sheets. Write on only one side of each

sheet.

11. TAX RATES:

(a) For taxpayers with Entire Net Income (Page 1, lines 1 and

4(b)) greater than $100,000, the tax rate is 9% (.09) on adjust-

ed entire net income or such portion thereof as may be allo-

cable to New Jersey.

For taxpayers with Entire Net Income (Page 1, lines 1 and

4(b)) greater than $50,000 and less than or equal to $100,000,

the tax rate is 7.5% (.075) on adjusted entire net income or

such portion thereof as may be allocable to New Jersey. Tax

periods of less than 12 months qualify for the 7.5% rate if the

prorated entire net income does not exceed $8,333 per

month.

For taxpayers with Entire Net Income (page 1, lines 1 and

4(b)) of $50,000 or less, the tax rate is 6.5% (.065) on adjust-

ed net income or such portion thereof as may be allocable to

New Jersey. Tax periods of less than 12 months qualify for the

6.5% rate if the prorated entire net income does not exceed

$4,166 per month.

(b) INVESTMENT COMPANIES AND REAL ESTATE INVEST-

MENT TRUSTS: The tax payable by Investment Companies

and Real Estate Investment Trusts shall be computed at the

rates stated in (a) above. The minimum tax is computed in

accordance with (d) below.

a qualified Regulated Investment Company is computed in

accordance with (d) below.

(d) MINIMUM TAX:

The minimum tax is assessed based on the

New Jersey Gross Receipts as follows:

New Jersey Gross Receipts Minimum Tax

Less than $100,000 $500

$100,000 or more but less than $250,000 $750

$250,000 or more but less than $500,000 $1,000

$500,000 or more but less than $1,000,000 $1,500

$1,000,000 or more $2,000

provided

however that for a taxpayer that is a member of an

affiliated or controlled group (as per sections 1504 or 1563 of

the Internal Revenue Code of 1986) which has a total payroll

of $5,000,000 or more for the return period, the minimum tax

shall be $2,000. Tax periods of less than 12 months are sub-

ject to the higher minimum tax if the prorated total payroll

exceeds $416,667 per month. Total payroll refers to the total

payroll of the affiliated group rather than total New Jersey pay-

roll of a single corporation. Taxpayers that are members of an

affiliated or controlled group must submit a schedule of payroll

per member and a copy of the taxpayer’s federal affiliations

schedule, Form 851, with the return. Refer to Schedule A-GR

for the determination of New Jersey gross receipts.

The minimum tax cannot be prorated. Zero (0) returns are

not permitted

(e) A surtax of 4% (.04) is due on the amount of tax reported on

page 1, line 18.

12. WHO MAY BE SUBJECT TO TAX: Any domestic or foreign cor-

poration, joint-stock company or association and any business

conducted by a trustee or trustees wherein interest or ownership

is evidenced by a certificate of interest or ownership or similar

written instrument is subject to tax. This includes limited partner-

ship associations organized pursuant to N.J.S.A. 42:3-1 et seq.

and foreign limited partnership associations. No new limited part-

nership associations shall be formed in New Jersey after

September 21, 1988.

In general, limited liability companies are required to file for New

Jersey purposes in the same manner that they report for Federal

purposes.

13. CORPORATIONS REQUIRED TO FILE THIS RETURN:

(a) In general, every corporation existing under the laws of the

State of New Jersey; and

(b) Every foreign corporation which (1) holds a general certificate

of authority to do business in this State issued by the

Secretary of State; or (2) holds a certificate, license or other

authorization issued by any other department or agency of

this State, authorizing the company to engage in corporate

activity within this State; or (3) derives income from this State;

or (4) employs or owns capital within this State; or (5) employs

or owns property in this State; or (6) maintains an office in this

State, is required to file a return. A foreign corporation that is

a partner of a New Jersey partnership is deemed subject to

tax in the state and must file a return.

whose income is immune from tax pursuant to Public Law 86-

272, 15 U.S.C. § 381 et seq., must obtain and complete

Schedule N, Nexus - Immune Activity Declaration, and all of

the schedules from the CBT-100. Remit the alternative min-

imum tax or at least the minimum tax, along with the surtax,

with the CBT-100. Refer to instruction 39.

(d) Corporations that are “out of business” but have not dissolved

or withdrawn their authority to do business in New Jersey, are

still obligated to file a return. A dissolution or withdrawal date

must be established on or before the last day of the current

taxable period in order to avoid having to file a return for the

next taxable period.

14. SIGNATURE: Each return must be signed by an officer of the

corporation who is authorized to attest to the truth of the state-

ments contained therein. The fact that an individual’s name is

signed on the return shall be prima facie evidence that such indi-

vidual is authorized to sign the return on behalf of the corporation.

Tax preparers who fail to sign the return or provide their assigned

tax identification number shall be liable for a $25.00 penalty for

each such failure. If the tax preparer is not self-employed, the

name of the tax preparer’s employer and the employer’s tax iden-

tification number should also be provided. In the case of a cor-

poration in liquidation or in the hands of a receiver or trustee, cer-

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tification shall be made by the person responsible for the conduct

of the affairs of such corporation.

15. FINAL DETERMINATION OF NET INCOME BY FEDERAL

GOVERNMENT: Any change or correction made by the Internal

Revenue Service to the Federal taxable income must be reported

to the Division within ninety (90) days. To amend CBT-100

returns, use the CBT-100 form for the appropriate tax year and

write “AMENDED RETURN” clearly on the front page of the form.

Refer to instruction 52 for additional information.

FEDERAL/STATE TAX AGREEMENT: The New Jersey Division

of Taxation and the Internal Revenue Service participate in a

Federal/State program for the mutual exchange of tax information

to verify the accuracy and consistency of information reported on

Federal and New Jersey tax returns.

16. SCHEDULE A - COMPUTATION OF ENTIRE NET INCOME:

Every taxpayer must complete this schedule on the form pro-

vided. Federal S Corporations must also submit a copy of the

corresponding Federal Income Tax return. For New Jersey tax

purposes, each such corporation will be taxed on the basis of its

entire net income in the same manner and to the same extent as

if no Federal income tax election were permissible or had been

made. Refer to instruction 8.

(a) GENERAL - LINES 1 THROUGH 38:

(1) Where the corporation has filed a Federal Income Tax

Return on its own separate basis, the figures shown at lines

1 to 28 must be the same as lines 1 to 28 on page 1 of the

Federal Income Tax Return, Form 1120.

(2) Where the corporation has not filed a separate Federal

Income Tax Return, or where the figures shown at lines 1

to 28 are not the same as lines 1 to 28 on page 1 of the

Federal Income Tax Return, taxpayer must explain and

reconcile the differences on a rider.

(3) CONSOLIDATED RETURNS NOT PERMITTED: A cor-

poration which is included in a consolidated Federal

Income Tax Return must complete lines 1 to 38 on its own

separate basis without consolidation with any other corpo-

ration. Refer to instruction 8(a).

(b) Lines 8 and 9: Add a rider or schedules showing the same

information shown on Federal Form 1120, Schedule D and/or

Form 4797. Gains and losses resulting from the disposition of

property where a section 179 expense deduction was passed

through to S Corp shareholders are not reported on Federal

Form 4797, and should be reported on Schedule A, Line 10.

If a sale of shares of stock or partnership interest resulted in a

taxable transfer of a controlling interest in certain commercial

real property under N.J.S.A. 54:15C-1, please so indicate on

a rider.

taxpayer’s unconsolidated Federal Form 1120 or the appro-

priate line from the Federal Forms 1120-IC-DISC, 1120-FSC

or 1120-A whichever is applicable.

(d) Line 29: Include any interest income that was not taxable for

Federal Income Tax purposes, and was not included in total

income reported on line 28, Schedule A.

(e) Line 30: Enter the total amount of interest deducted on

Schedule A that was paid to related members and reported on

Schedule G, Part I.

(f) Line 31: Enter the total taxes paid or accrued to the United

States, a possession or territory of the United States, a state,

a political subdivision thereof, or the District of Columbia, or to

any foreign country, state, province, territory or subdivisions

thereof, on or measured by profits or income, business pres-

ence or business activity, including any foreign withholding

tax, or any sales and use tax paid by a utility vendor, taken as

a deduction in Schedule A and reflected in line 28. Refer to

instruction 29.

(g) Line 32: Enter the depreciation and other adjustments from

Schedule S. Refer to instruction 45.

(h) Line 33(a): DEDUCTION FOR FOREIGN TAXES DEEMED

PAID: The portion of any IRC Section 78 gross-up included in

dividend income on line 4, Schedule A that is not excluded

from entire net income on line 38, may be treated as deduc-

tion. Attach a copy of Federal Foreign Tax Credit Form 1118.

Line 33(b): Report amounts of (1) adjustments not otherwise

specifically provided for, (2) gross income, less deductions

and expenses in connection therewith, from sources outside

the United States, not included in Federal taxable income, (3)

the add back of any deductions for research and experimen-

tal expenditures, to the extent that those research and exper-

imental expenditures are qualified research expenses or basic

research payments for which an amount of credit is claimed

pursuant to section 1 of P.L.1993,c.175 (C.54:10A-5.24)

unless those research and experimental expenditures are

also used to compute a federal credit claimed pursuant to sec-

tion 41 of the federal Internal Revenue Code of 1986, 26

U.S.C. s.41, and (4) Federal Section 199 deduction. Attach

separate riders explaining fully such items.

Line 33(c): Enter the net effect of the elimination of nonoper-

ational activity or non-unitary partnership income and expens-

es from Schedule O, Part I, line 36.

Line 33(d): Enter the total amount of interest and intangible

expenses and costs deducted on Schedule A that was paid to

related members and reported on Schedule G, Part II.

(i) Line 35: A net operating loss for a taxable year may be car-

ried forward as a net operating loss deduction to a succeed-

ing year. A net operating loss is the excess of allowable

deductions over gross income used in computing entire net

income. Neither a net operating loss deduction nor the divi-

dend exclusion is an allowable deduction in computing a net

operating loss. The statute authorizes a carryover of the

deduction for seven years. Schedule A-1 has been replaced

by Form 500. Net operating losses must be detailed on Form

500, which is available separately. To obtain this form and

related information, refer to the index on page 13.

(j) Line 37: Dividends from all sources must be included in

Schedule A. However, an exclusion from entire net income for

certain dividend income may be taken as indicated in

Schedule R. Taxpayer may not include money market fund

income or REIT dividends as part of the dividend exclusion.

The amount of the dividend exclusion allowed to be taken as

a deduction is limited to the amount of income reported on line

36 of Schedule A for that tax year.

(k) RIGHT OF DIRECTOR TO CORRECT DISTORTIONS OF

NET INCOME: The Director is authorized to adjust and rede-

termine items of gross receipts and expenses as may be nec-

essary to make a fair and reasonable determination of tax

payable under the Corporation Business Tax Act. For details

regarding the conditions under which this authority may be

exercised, refer to regulation N.J.A.C. 18:7-5.10.

17. SCHEDULE A-1 - NET OPERATING LOSS DEDUCTION AND

CARRYOVER: Schedule A-1 has been replaced by Form 500.

Net operating losses must be detailed on Form 500, which is

available separately. To obtain this form and related information,

refer to the index on page 13.

18. SCHEDULE A-2 - COST OF GOODS SOLD: The amounts

reported on this schedule must be the same as the amounts

reported on the taxpayer’s Federal income tax return. When cal-

culating the AMA, corporations must calculate the Cost of Goods

Sold per the AMA instructions.

19. SCHEDULE A-3 - SUMMARY OF TAX CREDITS: This schedule

must be completed if one or more tax credits are claimed for the

current tax period. The total on line 19 must equal the amount

reported on page 1, line 12. Refer to instruction 46 for tax credit

information.

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20. SCHEDULE A-4 - SUMMARY SCHEDULE: Every corporation

must complete this schedule. Report the information on lines

1 through 13 from the return schedules indicated. All lines must

be completed.

21. SCHEDULE A-5 - FEDERAL IRC SECTION 199 ADJUSTMENT:

Effective for privilege periods beginning after December 31, 2004,

a limited IRC Section 199 deduction may be allowed for New

Jersey CBT purposes on a separate entity basis. The Section

199 deduction which is allowable for New Jersey CBT purposes

and entered on line 2, is computed on Form 501 which is avail-

able separately. To obtain this form, refer to the index on page 13.

22.

SCHEDULE A-GR - COMPUTATION OF NEW JERSEY GROSS

RECEIPTS AND MINIMUM TAX: If the greater of the amounts

reported on page 1, lines 13 or 14 is less than $2,000, complete

this schedule. Enter the greater of the computed tax liability or the

amount on Schedule A-GR, line 7 on page 1, line 15. If the tax-

payer is part of an affiliated group whose total payroll is $5,000,000

or more, the minimum tax is $2,000 regardless of the amount of

the taxpayer’s NJ gross receipts, and Schedule A-GR need not be

completed.

23. SCHEDULE AM - ALTERNATIVE MINIMUM ASSESSMENT

FOR C CORPORATIONS: For privilege periods beginning on or

after January 1, 2002, all New Jersey taxpayers, unless otherwise

exempted, are required to pay a New Jersey Corporate Tax com-

puted pursuant to Section 5 of P.L. 1945, (C.54:10A-5), or the

elected Alternative Minimum Tax, whichever is greater. For

returns with privilege periods beginning after June 30, 2006, there

is no AMA, except for taxpayers claiming P.L. 86-272 immunity.

There are two methods of determining the Alternative Minimum

assessment: (a) based upon New Jersey Gross Receipts, and (b)

based upon New Jersey Gross Profits.

PART I - computes New Jersey gross receipts, which equals the

total of (1) sales of tangible personal property where shipment is

made to points within this state, appropriation to the orders where

shipment is made to points within this state, (2) services per-

formed within the state, (3) rentals from properties situated, (4)

royalties from the use of patents or copyrights, within the state,

and (5) all other business receipts earned within the state.

Investment income received by a taxpayer through ownership in

a foreign or domestic entity is considered gross receipts for pur-

poses of computing the taxpayer’s alternative minimum assess-

ment.

PART II - New Jersey gross receipts from Part I are used in Part

II to compute New Jersey gross profits. This is calculated by sub-

tracting New Jersey cost of goods sold from total New Jersey

gross receipts. New Jersey cost of goods sold is computed by

multiplying the total cost of goods sold (from Schedule A-2, line 8)

by the New Jersey allocation factor or the receipts fraction of the

allocation factor from Schedule J.

NJ Gross Receipts (from Schedule AM, Part I, line 6)

- NJ Cost of Goods Sold (from Schedule

AM, Part II, line 4)

= New Jersey Gross Profits

PART III - reports the New Jersey Gross Receipts and the New

Jersey Costs of Goods Sold historically for the current year and

the past 3 years.

NOTE: For taxpayers who were not required to file New Jersey

CBT returns for any or all of the three prior privilege periods,

enter N/A on the appropriate line(s).

PART IV - Computing the Alternative Minimum Assessment

based on Gross Profits: Enter amount of New Jersey Gross

Profits (from Part II, line 5) on Schedule AM, Part IV, line 1. If New

Jersey Gross Profits are:

(a) less than or equal to $1,000,000, the Alternative Minimum

Assessment based on Gross Profits will be zero;

(b) greater than $1,000,000, but not over $10,000,000, the

Alternative Minimum Assessment will be .0025 times the

gross profits in excess of $1,000,000, multiplied by the AMA

exclusion rate of 1.11111;

Alternative Minimum Assessment will be the gross profits mul-

tiplied by .0035;

(d) greater than $15,000,000, but not over $25,000,000, the

Alternative Minimum Assessment will be the gross profits mul-

tiplied by .006;

(e) greater than $25,000,000, but not over $37,500,000, the

Alternative Minimum Assessment will be the gross profits mul-

tiplied by .007;

(f) greater than $37,500,000, the Alternative Minimum

Assessment will be the gross profits multiplied by .008.

PART V - Computing the Alternative Minimum Assessment based

on Gross Receipts: New Jersey gross receipts are used in

Schedule AM, Part V to determine the amount of tax due under

the gross receipts method. This method takes New Jersey gross

receipts and multiplies them by a certain percentage based on the

receipt amount.

Enter amount of New Jersey Gross Receipts (from Part I, line 5)

on Schedule AM, Part V, line 1. If New Jersey gross receipts are:

(a) less than or equal to $2,000,000, the Alternative Minimum

Assessment based on Gross Receipts will be zero;

(b) greater than $2,000,000, but not over $20,000,000, the

Alternative Minimum Assessment will be .00125 times the

gross receipts in excess of $2,000,000, multiplied by the AMA

exclusion rate of 1.11111;

Alternative Minimum Assessment will be the gross receipts

multiplied by .00175;

(d) greater than $30,000,000, but not over $50,000,000, the

Alternative Minimum Assessment will be the gross receipts

multiplied by .003;

(e) greater than $50,000,000, but not over $75,000,000, the

Alternative Minimum Assessment will be the gross receipts

multiplied by .0035;

(f) greater than $75,000,000, the Alternative Minimum

Assessment will be the gross receipts multiplied by .004.

PART VI - For the first privilege period, the taxpayer has the

option to select the computation method of the Alternative

Minimum Assessment, either based on Gross Profits or Gross

Receipts. However, once selected, the method must be

employed for that privilege period, and for the next succeed-

ing four privilege periods.

The maximum Alternative Minimum Assessment for an individual

corporation for a privilege period will be $5,000,000. Taxpayer will

enter the lesser of the elected alternative minimum assessment

(from Schedule AM, Part VI, line 4), or $5,000,000, on Schedule

AM, Part V, line 5. Taxpayer will enter amount from Schedule AM,

Part IV, line 5, on Page 1 of CBT-100, line 14.

The amount of tax due for the privilege period will be the greater

of the elected Alternative Minimum Assessment, or the traditional

Corporate tax (computed pursuant to Section 5 of P.L. 1945,

(C.54:10A-5)).

PART VII - Enter the name of the designated Key Corporation of

the affiliated group on line 1 if the group is claiming the AMA

threshold limit of $20,000,000. Enter the Federal Identification

Number (FID) of the appointed Key Corporation on line 2.

24. SCHEDULE B - BALANCE SHEET: Every taxpayer must com-

plete this schedule. The amounts reported must be the same as

the year end figures shown on the taxpayer’s books. A taxpayer

that is included in a consolidated Federal income tax return must

complete this schedule on its own separate basis.

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25. SCHEDULE C - RECONCILIATION OF INCOME PER BOOKS

WITH INCOME PER RETURN AND SCHEDULE C-1-ANALYSIS

OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS:

(a) Every corporation must complete these schedules or submit

legible copies of Schedules M-1 and M-2 from their unconsol-

idated Federal Form 1120. For requirements relating to repro-

duction of Federal tax schedules, see instruction 31.

(b) Line 8 of Schedule M-2 must correspond with the unappropri-

ated retained earnings reported for the end of the tax year on

Schedule B.

C must still be filed, and a copy of Federal Schedule M-3 must

be attached to taxpayer’s New Jersey CBT-100 return. If tax-

payer is part of a consolidated filing, then the Federal

Schedule M-3 must be on a separate entity basis.

26. SCHEDULE E - GENERAL INFORMATION: All taxpayers must

answer all questions on this schedule. In addition, riders must be

submitted where necessary in answering the questions.

27. SCHEDULE F - CORPORATE OFFICERS - GENERAL INFOR-

MATION AND COMPENSATION: All applicable information

should be provided for each corporate officer regardless of

whether or not compensation was received.

28. SCHEDULE G - PART I - INTEREST: Interest paid, accrued, or

incurred to related members which was deducted in computing

taxable net income on line 28 of Schedule A must be reported on

Schedule G, Part I. Enter the total of such interest expense on

line 30 of Schedule A. Do not include interest expenses and costs

that were deducted directly or indirectly for, related to, or in con-

nection with the direct or indirect acquisition, maintenance, man-

agement, ownership, sale, exchange, or disposition of intangible

property in Part I. These expenses and costs are, however,

required to be included in Part II.

SCHEDULE G - PART II - INTEREST EXPENSES AND COSTS

AND INTANGIBLE EXPENSES AND COSTS: Interest expens-

es and costs and intangible expenses and costs directly or indi-

rectly paid, accrued, or incurred to, or in connection directly or

indirectly with one or more direct or indirect transactions with one

or more related members which were deducted in computing tax-

able net income on line 28 of Schedule A must be reported on

Schedule G, Part II. Enter the total of such intangible expenses

and costs on line 33(d) of Schedule A.

Exceptions: If the taxpayer is claiming an exception to the disal-

lowance of the expense reported in Part I or Part II, then the tax-

payer must complete and attach Schedule G-2. This schedule

may be obtained from the Division of Taxation’s web site. See

index on page 13.

Definitions:

Related member means a person that, with respect to the tax-

payer during all or any portion of the privilege period is (1) a relat-

ed entity, (2) a component member as defined in subsection (b) of

section 1563, of the federal Internal Revenue Code of 1986, 26

U.S.C. s.1563, (3) a person to or from whom there is attribution of

stock ownership in accordance with subsection (e) of section

1563 of the federal Internal Revenue Code of 1986, 26 U.S.C.

s.1563 or (4) a person that, notwithstanding its form of organiza-

tion, bears the same relationship to the taxpayer as a person

described in (1) through (3) of this definition.

Related entity means (1) a stockholder who is an individual or a

member of the stockholder’s family enumerated in section 318 of

the federal Internal Revenue Code of 1986 26 U.S.C. s.318, if the

stockholder and the member’s of the stockholder’s family own,

directly, indirectly, beneficially or constructively, in the aggregate,

at least 50% of the value of the taxpayer’s outstanding stock; (2)

a stockholder, or a stockholder’s partnership, limited liability com-

pany, estate, trust or corporation, if the stockholder and the stock-

holder’s partnerships, limited liability companies, estates, trusts

and corporations own directly, indirectly, beneficially or construc-

tively, in the aggregate, at least 50% of the value of the taxpayer’s

outstanding stock; or (3) a corporation, or a party related to the

corporation in a manner that would require an attribution of stock

from the corporation to the party or from the party to the corpora-

tion under the attribution rules of the federal Internal Revenue

Code of 1986, 26 U.S.C. s.318, if the taxpayer owns, directly, indi-

rectly, beneficially or constructively, at least 50% of the value of

the corporation’s outstanding stock. The attribution rules of the

federal Internal Revenue Code of 1986, 26 U.S.C. s.318, shall

apply for purposes of determining whether the ownership require-

ments of this definition have been met.

Intangible expenses and costs includes (1) expenses, losses,

and costs, for, related to, or in connection directly or indirectly with

the direct or indirect acquisition, use, maintenance or manage-

ment, ownership, sale, exchange, or any other disposition of

intangible property to the extent such amounts are allowed as

deductions or costs in determining taxable income before operat-

ing loss deduction and special deductions for the taxable year

under the federal Internal Revenue Code of 1986, 26 U.S.C. s.1

et seq., (2) losses related to, or incurred in connection directly or

indirectly with factoring transactions or discounting transactions,

(3) royalty, patent, technical and copyright fees, (4) licensing fees,

and (5) other similar expenses and costs.

Intangible Property means patents, patent applications, trade

names, trademarks, service marks, copyrights, mask works, trade

secrets and similar types of intangible assets.

Intangible Interest Expenses and Costs means amounts direct-

ly or indirectly allowed as deductions under section 163 of the fed-

eral Internal Revenue Code of 1986 26 U.S.C. s.163, for purpos-

es of determining taxable income under the code to the extent

such expenses and costs are directly or indirectly for, related to,

or in connection with the direct or indirect acquisition, mainte-

nance, management, ownership, sale, exchange or disposition of

intangible property.

29. SCHEDULE H - TAXES: Itemize all taxes which were in any way

deducted in arriving at taxable net income, whether reflected at

line 2 (Cost of goods sold and/or operations), line 17 (Taxes), line

26 (Other deductions) or anywhere else on Schedule A. Also

refer to instruction 16(f).

30. SCHEDULE I - CERTIFICATION OF INACTIVITY: In lieu of com-

pleting the entire tax return, an inactive corporation may complete

this schedule along with pages 1 through 4 of the tax return.

Payment for the related minimum tax, the surtax, and the install-

ment payment (if applicable) must be submitted with Form CBT-

100-V. An inactive corporation is a corporation that, during the

entire period covered by the tax return, did not conduct any busi-

ness, did not have any income, receipts or expenses, and did not

own any assets.

31. OPTIONAL COPIES OF SCHEDULES C AND C-1: Any taxpay-

er that files an unconsolidated Federal Form 1120 with the

Internal Revenue Service may submit copies of Schedules M-1

and M-2 of that return in lieu of completing Schedules C and C-1

of the CBT-100. Such copies or reproductions must be facsimiles

of the complete schedules, they must be of good legibility and on

paper of substantially the same weight and texture, and of a qual-

ity at least as good as that used in the official form, CBT-100.

They must also be of the same size as that of the official sched-

ules, both as to the overall dimensions of the paper and the image

reproduced thereon.

Separate pages must be fastened together in proper order and

must be attached to the return form. The taxpayer’s full name and

tax identification number must be typed or printed on each repro-

duced page or copy.

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32. SCHEDULE J PART I - GENERAL INSTRUCTIONS REGARD-

ING ALLOCATION OF ADJUSTED ENTIRE NET INCOME:

(a) WHO IS PERMITTED TO ALLOCATE: No domestic or for-

eign corporation is permitted to allocate less than 100% of its

adjusted entire net income to New Jersey, unless, during the

period covered by the return, it actually maintained a regu-

lar place of business outside of New Jersey other than a

statutory office.

(b) DEFINITION OF REGULAR PLACE OF BUSINESS: A “reg-

ular place of business” is any bona fide office (other than a

statutory office), factory, warehouse, or other space of the tax-

payer which is regularly MAINTAINED, OCCUPIED and

USED by the taxpayer in carrying on its business and in which

one or more regular employees are in attendance. To main-

tain a place of business, the taxpayer must either own or rent

the premises. That cost must be borne directly by the tax-

payer and not by some related entity or person.

factor in Schedule J, division must be carried to six decimal

places, e.g., .123456.

(d) ELECTION TO ALLOCATE: If the taxpayer is entitled to allo-

cate, the election should be made with the filing of the

Corporation Business Tax return regardless of the amount of

income reported on line 38 of Schedule A. Schedule J must

be completed to validate the election.

(e) Only the receipts, property and payroll expenses attributable

to operational activity are to be used in computing the alloca-

tion factor denominators.

33. SCHEDULE J PART II - AVERAGE VALUES: Average value is

generally computed on a quarterly basis where the taxpayer’s

accounting practice permits such computation. At the option of

the taxpayer or the State, a more frequent basis (monthly, weekly

or daily) may be used. Where the taxpayer’s accounting practice

does not permit computation of average value on a quarterly or

more frequent basis, semi-annual or annual frequency may be

used only where no distortion of average value results. If any

basis other than quarterly is used, state the basis and reasons for

use on attached rider.

The average values of real and tangible personal property owned

which are used in determining the property fraction of the alloca-

tion factor are based on book value. The numerator and denom-

inator must take into account accumulated depreciation deferred

for net income purposes where the taxpayer accounts for its prop-

erty on its books on a Federal income tax basis. Rented or leased

property is valued at eight times its annual rent, including any

amounts (such as taxes) paid or accrued in addition to or in lieu

of rent during the period covered by the return. All other proper-

ty which is used by the taxpayer but is neither owned, rented or

leased, should be valued at book value, however, if no such book

value exists, the market value of the property should be used.

34. SCHEDULE J PART III - COMPUTATION OF ALLOCATION

FACTOR: This schedule may be omitted if the taxpayer does not

maintain a regular place of business outside this State other than

a statutory office, in which case the tax law requires the allocation

factor to be 100%.

(a) However, if the allocation factor is 100% but the taxpayer in

fact pays tax to another state based on or measured by

income which is included on Schedule A of this return, it may

compute a reduction in its N.J. Corporation Business Tax

under certain conditions. Refer to N.J.A.C. 18:7-8.3 for eligi-

bility and the method of computing such reduction. A copy of

this regulation can be obtained from Taxpayer Forms Services

or NJ TaxFax. See index on page 13.

(b) Line 1 - PROPERTY FRACTION: For general information

regarding method of valuation in arriving at average values,

see instruction 32. Tangible personal property is within New

Jersey if and so long as it is physically situated or located

here. Property of the taxpayer held in New Jersey by an

agent, consignee or factor is (and property held outside New

Jersey by an agent, consignee or factor is not) situated or

located within New Jersey. Property, while in transit from a

point outside New Jersey to a point in New Jersey or vice

versa does not have a fixed situs either within or outside the

State and, therefore, will not be deemed to be “situated” or

“located” either within or outside New Jersey and accordingly

the average value of such property should be omitted from

both the numerator and the denominator of the property frac-

tion. Ships, aircraft, satellites used in the communications

industry, and other mobile or movable property are subject to

the specific rules defined in N.J.A.C. 18:7-8.4.

sales of tangible personal property are allocated to New

Jersey where the goods are shipped to points within New

Jersey.

Receipts from the sale of goods are allocable to New Jersey

if shipped to a New Jersey or a non-New Jersey customer

where possession is transferred in New Jersey. Receipts from

the sale of goods shipped to a taxpayer from outside of New

Jersey to a New Jersey customer by a common carrier are

allocable to New Jersey. Receipts from the sale of goods

shipped from outside of New Jersey to a New Jersey location

where the goods are picked up by a common carrier and

transported to a customer outside of New Jersey are not allo-

cable to New Jersey.

Receipts from the following are allocable to New Jersey; serv-

ices performed in New Jersey; rentals from property situated

in New Jersey; royalties from the use in New Jersey of patents

or copyrights; all other business receipts earned in New

Jersey.

(d) Lines 2(e) and 2(g)

(1) RECEIPTS FROM SALES OF CAPITAL ASSETS:

Receipts from sales of capital assets (property not held by

the taxpayer for sale to customers in the regular course of

business), either within or outside New Jersey, should be

included in the numerator and the denominator based

upon the net gain recognized and not upon gross selling

prices. Where the taxpayer’s business is the buying and

selling of real estate or the buying and selling of securities

for trading purposes, gross receipts from the sale of such

assets should be included in the numerator and the

denominator of the receipts fraction.

(2) DIVIDEND INCOME: The amount of dividends excluded

from entire net income at line 37, Schedule A, must not be

included in the numerator or denominator of the receipts

fraction.

(e) Line 2(h) - Receipts that have not been included in the numer-

ator of apportionment factor of another taxing jurisdiction’s tax

return based on income or measured by profits, business

presence or business activity, either on its own separate enti-

ty base or as part of a consolidated return, shall be excluded

from the denominator. Receipts that are “throwback sales” in

another jurisdiction also shall be excluded from the denomi-

nator.

(f) Lines 2(j) and 2(k) - The percentage of receipts in New

Jersey should be entered on both lines 2(j) and 2(k) to effect

a double-weighted receipts fraction in the computation of the

allocation factor.

(g) Line 3 - PAYROLL FRACTION: In general, a taxpayer report-

ing to the Division of Employer Accounts in the New Jersey

Department of Labor will allocate to New Jersey all wages,

salaries and other personal service compensation, etc.,

reportable to that Division, including the portions thereof, in

individual cases, in excess of taxable wages. All executive

salaries are includible in both the numerator and denominator.

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See N.J.S.A. 54:10A-7 for the definition of wages, salaries

and other personal services compensation allocable to New

Jersey.

(h) ALLOCATION FACTOR - GENERAL: The allocation factor is

computed by adding together the percentages shown at lines

1(c), 2(j), 2(k) and 3(c) of Schedule J, Part III for the period

covered by the return, and dividing the total of the percent-

ages by four (4). However, if the property or payroll fraction is

missing, the remaining percentages are added and the sum is

divided by three. If the receipts fraction is missing, the other

two percentages are added and the sum is divided by two. If

two of the fractions are missing, the remaining percentage

may be used as the allocation factor. A fraction is not missing

merely because its numerator is zero, but is missing if its

denominator is zero.

If there is a declaration of nonoperational income, expenses,

or assets from Schedule O, those items attributable to the

non-operational activity should be excluded from the denomi-

nator of all three fractions of the allocation factor.

35. SCHEDULE J PART IV: Provide the name of the jurisdiction for

which the receipts have not been included in a tax return appor-

tionment numerator and the total amount of those receipts.

36. SCHEDULE J PARTS V and VI: Only corporations claiming the

affiliated group throw out limitation must complete Schedule J,

Parts V and VI. Part V must be completed to identify the Key

Corporation of the affiliated group who will be reporting and remit-

ting the increase tax effect limitation ($5,000,000). The Key

Corporation must also complete Form 400. See index on page

14. Part VI is a schedule for the computation of the Throw Out

Tax to be completed if the taxpayer is a member of an affiliated or

controlled group whose aggregate combined change in tax liabil-

ity exceeds $5,000,000 due to the throw out of receipts.

Taxpayers claiming the throw out limitation must use the alloca-

tion factor reported on Schedule J, Part VI, line 17, to compute

their individual tax liability. Enter this number on page 1, line 2

CBT-100. Taxpayers NOT claiming the throw out limitation must

use the allocation factor reported on Schedule J, Part III, line 5.

Enter this number on page 1, line 2 of the CBT-100.

37. SCHEDULE L - INVESTMENT COMPANIES:

(a) Every taxpayer electing to report as an Investment Company

must meet the qualifications contained in this schedule. See

instruction 38 and Schedule M for Regulated Investment

Companies.

(b) ELECTION TO REPORT AS AN INVESTMENT COMPANY:

The election is effective only for the particular year covered by

the return.

38. SCHEDULE M - REGULATED INVESTMENT COMPANIES -

REAL ESTATE INVESTMENT TRUSTS - GENERAL INFORMA-

TION: This schedule must be completed by every taxpayer elect-

ing to report as a Regulated Investment Company or a Real

Estate Investment Trust. The election is effective only for the par-

ticular year covered by the return.

NOTE: A Regulated Investment Company need only com-

plete Schedule M, pages 1 through 4 and Schedule A-GR (if

applicable) on page 5 of the return.

39. SCHEDULE N - NEXUS - IMMUNE ACTIVITY DECLARATION:

Foreign corporations that claim their income is immune from tax-

ation pursuant to Public Law 86-272, 15 U.S.C. §381 et seq.,

must complete Schedule N and file it with the CBT-100. This

schedule may be obtained from the Division of Taxation’s web

site.

40. SCHEDULE O - NONOPERATIONAL ACTIVITY: Corporations

that claim to have nonoperational activity, nonoperational assets

or non-unitary partnership investments must complete Schedule

O and file it with the CBT-100. This schedule may be obtained

from the Division of Taxation’s web site.

41. SCHEDULE P - SUBSIDIARY INVESTMENT ANALYSIS:

Itemize the investment in each subsidiary company, showing the

name of each subsidiary, the percentage of interest held in each

company, the individual book value included in the balance sheet

for each subsidiary investment and the amount of dividends

received from each subsidiary which is included in gross income

on Schedule A. Do not include advances or other receivables due

to subsidiaries in the book value reported at Column 3.

42. SCHEDULE P-1 - PARTNERSHIP INVESTMENT ANALYSIS:

Itemize the investment in each partnership, limited liability com-

pany and any other entity which is treated for Federal tax purpos-

es as a partnership. List the name, the Federal Identification

Number, and the date and state where organized for each part-

nership. Also, check the type of ownership (general or limited),

the tax accounting method used to reflect your share of partner-

ship activity on this return (flow through method or separate

accounting) and whether or not the partnership has nexus in New

Jersey. Itemize in Column 7 the amount of tax payments made

on behalf of the taxpayer by partnership entities. Carry the total

amount of taxes paid on behalf of taxpayer to page 1, line 23 (a).

Attach a copy of schedule NJ-K-1 from form NJ-1065 if the part-

nership is filing in New Jersey. Any one member limited liability

company should be included on this schedule. Corporations who

claim that their partnership investments are non-unitary and

therefore are utilizing the Separate Tax Accounting Method must

complete Schedule O to report this activity and compute the

appropriate amount of tax.

43. SCHEDULE PC - PER CAPITA LICENSED PROFESSIONAL

FEE:

(a) Professional Corporations (PC) formed under N.J.S.A.

14A:17-1 et. seq. or any similar laws of a possession or terri-

tory of the US, a state, or political subdivision thereof, are

liable for a fee on Licensed Professionals.

(b) Per N.J.S.A. 14A:17-3, examples of licensed professionals

are: certified public accountants, architects, optometrists, pro-

fessional engineers, land surveyors, land planners, chiroprac-

tors, physical therapists, registered professional nurses, den-

tist, osteopaths, physicians and surgeons, doctors of medi-

cine, doctors of dentistry, podiatrists, chiropodists, veterinari-

ans and, subject to the Rules of the Supreme Court, attorneys

at law.

sionals in the PC. The fee is assessed on professionals that

are owners, shareholders, and/or employees of the

Professional Corporation. The number of professionals

should be calculated using a quarterly average. The fee for

each resident and non-resident professional with physical

nexus with New Jersey is $150. The fee for each non-resident

professional without physical nexus with New Jersey is $150

multiplied by the allocation factor of the corporation. The fee

is limited to $250,000 per year.

(d) In the event of a period shorter than a year, the fee and limit

may be prorated by months. A fraction of a month is deemed

to be a month.

(e) Line 2 - Installment Payment: A fifty percent (50%) prepay-

ment towards the subsequent year’s fee is required with the

current year’s return.

(f) Line 6 - Credit: Amount to be credited towards next year’s fee.

This fee is not eligible for refund.

44. SCHEDULE R - DIVIDEND EXCLUSION: Taxpayers may

exclude from entire net income 100% of dividends from qualified

subsidiaries, if such dividends were included in the taxpayer’s

gross income on Schedule A. A qualified subsidiary is defined as

ownership by the taxpayer of at least 80% of the total combined

voting power of all classes of stock entitled to vote and at least

80% of the total number of shares of all other classes of stock,

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except non-voting stock which is limited and preferred as to divi-

dends. With respect to other dividends, the exclusion shall be

limited to 50% of such dividends included in the taxpayer’s gross

income on Schedule A, provided the taxpayer owns at least 50%

of voting stock and 50% of the total number of shares of all other

classes of stock. Taxpayers shall not include money market fund

or REIT income as part of the dividend exclusion. Refer to

instruction 16(j).

45. SCHEDULE S - DEPRECIATION AND SAFE HARBOR LEAS-

ING: All taxpayers except for gas, electric and gas and electric

utilities (who must complete Schedule S, Part III), must complete

this schedule and must submit a copy of a completed Federal

Depreciation Schedule, Form 4562 even if it is not required for

Federal purposes. Schedule S provides for adjustments to depre-

ciation and certain safe harbor leasing transactions.

SCHEDULE S - PART I

Line 11 Additions:

(a) Add any depreciation or cost recovery (ACRS and MACRS)

which was deducted in arriving at federal taxable income on

recovery property placed in service on or after January 1,

1981 and prior to taxpayers’ accounting periods beginning on

and after July 7, 1993.

(b) Add any 30% or 50% bonus depreciation amounts and feder-

al depreciation calculations which were deducted in arriving at

Federal taxable income on recovery property placed in serv-

ice during accounting periods beginning on and after January

1, 2002, for which federal 30% or 50% bonus depreciation

was taken. Include the initial 30% or 50% bonus amount and

the regular depreciation on the adjusted basis.

ship.

(d) Add any interest, amortization or transactional costs, rent, or

any other deduction which was claimed in arriving at Federal

taxable income as a result of a “safe harbor leasing” election

made under Section 168(f)(8) of the Federal Internal Revenue

Code; provided, however, any such amount with respect to a

qualified mass commuting vehicle pursuant to the Federal

Internal Revenue Code Section 168(f)(8)(D)(v) need not be

added back to net income.

(e) The $100,000 bonus section 179 deduction is partially disal-

lowed. Section 179 deduction is limited to a maximum of

$25,000 which was the maximum allowance for tax years after

2002 per the Internal Revenue Code before the bonus deduc-

tion was enacted. Enter on line 11(e) the difference between

the federal expense and the expense allowable for New

Jersey purposes.

Line 12 Deductions:

(a) Deduct depreciation on property placed in service after 1980

and prior to taxpayers’ fiscal or calendar accounting periods

beginning on and after July 7, 1993, on which ACRS and

MACRS has been disallowed under 10(a) of this instruction

using any method, life and salvage value which would have

been allowable under the Federal Internal Revenue Code at

December 31, 1980, but using the Federal basis for deprecia-

tion on the date the property was placed in service. Refer to

Schedule S, Part II (A).

(b) Deduct recomputed depreciation for assets placed in service

during accounting periods beginning on and after January 1,

2002, and for which federal 30% or 50% bonus depreciation

was taken under 11(b) of this instruction using the same

method and life which would have been allowable for Federal

purposes, but using the Federal basis for depreciation on the

date the property was placed in service and not as provided

after taking the 30% or 50% first-year depreciation allowance.

Refer to Schedule S, Part II (B).

share of recovery property from a partnership.

(d) Deduct any item of income included in arriving at Federal tax-

able income solely as a result of a “safe harbor leasing” elec-

tion made under Section 168(f)(8) of the Federal Internal

Revenue Code provided, however, that any such income

which relates to a qualified mass commuting vehicle pursuant

to Federal Internal Revenue Code Section 168(f)(8)(D)(v)

cannot be deducted from net income.

(e) Where the user/lessee of qualified lease property which is

precluded from claiming a deduction for rent under 10(c) of

this instruction would have been entitled to cost recovery on

property which is subject to such “safe harbor lease” election

in the absence of that election, it may claim depreciation on

the property in accordance with 12(a) of this instruction.

(f) Gain or loss on property sold or exchanged is the amount

properly to be recognized in the determination of Federal tax-

able income. However, on the physical disposal of recovery

property, whether or not a gain or loss is properly to be rec-

ognized under the Federal Internal Revenue Code, there shall

be allowed as a deduction any excess, or there must be

restored as an item of income, any deficiency of depreciation

disallowed at line 11(a) and (b) over related depreciation

claimed on that property at line 12(a) and (b). A statutory

merger or consolidation shall not constitute a disposal of

recovery property.

NOTE: Uncoupling of ACRS and MACRS is not required for

property placed into service during accounting periods

beginning on or after July 7, 1993.

SCHEDULE S - PART II (B)

All taxpayers must complete this schedule in order to compute

their New Jersey depreciation allowable for assets placed in serv-

ice during accounting periods beginning on and after January 1,

2002, and for which federal 30% or 50% bonus depreciation was

taken and/or for which excess section 179 depreciation was dis-

allowed and added back per Schedule S, Part I, line 11(e). The

form as is can be used for all applicable assets. Identification

should be reported in Column A (30% bonus, 50% bonus, excess

section 179). The basis is to be determined at the date property

is placed in service and not as provided after taking the 30% or

50% first-year depreciation allowance.

SCHEDULE S - PART III

(a) All gas, electric, and gas and electric utilities must complete

this schedule in order to compute their New Jersey deprecia-

tion allowable for the single asset account which is comprised

of all depreciable property placed in service prior to January

1, 1998. The basis of this asset account will be the total

Federal depreciable basis as of December 31, 1997, plus the

excess of the book depreciable basis over the Federal tax

basis as of December 31, 1997. This basis will be reduced

yearly by the Federal basis of these assets sold, retired or dis-

posed of from January 1, 1998 to date.

(b) All taxpayers must complete Schedule S, Part I, lines 11(b),

12(b), 12(f), and 13 as well as Schedule S, Part II (B) in order

to compute their New Jersey depreciation allowable for assets

placed in service during accounting periods beginning on and

after January 1, 2002, and for which federal 30% or 50%

bonus depreciation was taken. The basis is to be determined

at the date property is placed in service and not as provided

after taking the 30% or 50% first-year depreciation allowance.

46. TAX CREDITS: (Refer to instruction 19)

(a) HMO ASSISTANCE FUND TAX CREDIT - FORM 310: A

member organization may offset against its corporation busi-

ness tax liability an amount of not more than 10% of any

assessment for each of the five privilege periods beginning on

or after the third calendar year commencing after the assess-

ment was paid, except that no member organization may off-

set more than 20% of its corporation business tax liability in

any one year.

To claim this credit, the taxpayer must complete Form 310 and

attach it to the tax return. To obtain this form and related infor-

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mation, refer to the index on page 14.

(b) NEW JOBS INVESTMENT TAX CREDIT - FORM 304: This

tax credit is available for investment in new or expanded busi-

ness facilities that create new jobs in New Jersey. The invest-

ment must create at least 5 new jobs (50 for large business-

es), and meet the median annual compensation requirement

for the current tax year. New investment is not eligible for the

credit unless the average value of all real and tangible per-

sonal property in this State has increased over the prior year.

The facilities must have been purchased from an unrelated

party during or after the taxpayer’s accounting period begin-

ning on or after July 7, 1993, the effective date of this legisla-

tion. It must be employed by the taxpayer in a taxable activi-

ty and must not have been in use during the 90 day period

prior to purchase. Investments which qualify for the

Manufacturing Equipment and Employment Investment Tax

Credit cannot also qualify for this credit.

A new employee means a New Jersey resident, hired to fill a

regular, permanent position in this State which did not exist

prior to the qualified investment, and would not exist but for

the qualified investment. The employee must be unrelated to

the taxpayer and must not have been employed by the tax-

payer during the six months prior to the date the investment

was placed in service or use.

The taxpayer cannot claim a credit for a number of new

employees that exceeds either the increase in the taxpayer’s

average employment for the tax year, or one-half the taxpay-

er’s average employment for the year. Also, individuals count-

ed in determining the New Jobs Factor must not be ones for

whom the taxpayer is allowed an Urban Enterprise Zone or

Urban Development Project Employees Tax Credit.

A small or mid-sized business taxpayer must also meet the

annual payroll and annual gross receipts requirements for the

current tax year to qualify.

To claim this credit, the taxpayer must complete Form 304 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

that has been designated as a “qualified business” as defined

in the New Jersey Urban Enterprise Zones Act, N.J.S.A.

52:27H-60 et seq., may qualify for either an employee tax

credit or an investment tax credit. To be eligible, the taxpayer

must have been certified as a qualified business by the Urban

Enterprise Zones Authority. Certification is renewable annual-

ly. The urban enterprise zones are located in Asbury Park,

Bayonne City, Bridgeton, Camden, Carteret, East Orange,

Elizabeth, Guttenberg, Hillside, Irvington, Jersey City, Kearny,

Lakewood, Long Branch, Millville, Mount Holly, Newark, North

Bergen, Orange, Passaic, Paterson, Pemberton Township,

Perth Amboy, Phillipsburg, Plainfield, Pleasantville, Roselle

Borough, Trenton, Union City, Vineland, West New York, and

the Joint Wildwoods. Further information can be obtained

from the New Jersey Urban Enterprise Zones Authority, New

Jersey Commerce and Economic Growth Commission, PO

Box 820, Trenton, New Jersey 08625-0820, phone (609) 292-

1912.

The forms required to validate the employee tax credit (Form

300) and the investment tax credit (Form 301) can be

obtained by following the instructions on page 13. Specific

information on these tax credits can be obtained from the

Regulatory Services Branch, PO Box 269, Trenton, NJ 08695-

0269, phone (609) 292-5994.

(1) Employees Tax Credit - Form 300: This credit is avail-

able to a taxpayer that was certified as a qualified business

in the preceding tax year as well as the current tax year.

Qualifying employees must have been hired after certifica-

tion and must have worked six consecutive months in the

tax year following the tax year in which employment

began. To claim the credit, a completed Form 300 must be

attached to the tax return.

(2) Investment Tax Credit - Form 301: A qualified business

which is not entitled to an employee tax credit may be enti-

tled to the investment tax credit. This credit is only avail-

able to an employer with less than 50 employees. The

investment must be at least $5,000 if there are 10 or fewer

employees, and increases by $500 for each additional

employee. To qualify for the credit, the investment must be

approved by the Urban Enterprise Zones Authority. A com-

pleted Form 301 must be attached to the tax return to vali-

date the investment tax credit claim.

(d) REDEVELOPMENT AUTHORITY PROJECT TAX CREDIT -

FORM 302: Any taxpayer that is actively engaged in the con-

duct of business at a location within a project as defined in

N.J.S.A. 55:19-1 et seq., and whose business at that location

consists primarily of manufacturing or other business that is

not retail sales or warehousing oriented, may be entitled to

claim the Redevelopment Authority Project Tax Credit. This

credit is allowed in the tax year next following the tax year of

qualification. To claim the credit, the taxpayer must complete

Form 302 and attach it to the tax return. To obtain this form

and related information, refer to the index on page 13.

Inquiries regarding the projects should be directed to the New

Jersey Redevelopment Authority, PO Box 790, Trenton, New

Jersey 08625-0790, phone (609) 292-3739.

(e) RECYCLING EQUIPMENT TAX CREDIT - FORM 303: Atax-

payer that purchased qualified recycling equipment on or after

October 1, 1987 and received a certification for this equipment

from the Commissioner of the Department of Environmental

Protection may be eligible to claim the Recycling Equipment

Tax Credit. The recycling equipment must have been used

exclusively within New Jersey, except for vehicles which must

have been used primarily within New Jersey.

The legislation governing this tax credit expired on December

31, 1996, however, any unused credits claimed prior to

January 1, 1997, can be taken on the current tax return sub-

ject to the limitations set forth on Form 303.

To claim this credit, the taxpayer must complete Form 303 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(f) MANUFACTURING EQUIPMENT AND EMPLOYMENT

INVESTMENT TAX CREDIT - FORM 305: Investments in

qualified manufacturing equipment made in tax years begin-

ning on or after January 1, 1994, may be eligible for the

Manufacturing Equipment and Employment Investment Tax

Credit. Such investment has the benefit of allowing a tax

credit computation for the tax year in which the investment

was made as well as each of the following two tax years. The

tax credit computation for the first year is based on the cost of

the qualified manufacturing equipment placed in service in

New Jersey during that tax year. The computations for the two

following tax years are based on the average increase in New

Jersey residents employed in New Jersey subject to a limita-

tion based on the cost of the investment made in the first year.

The manufacturing equipment portion is limited to 2% (or 4%,

if applicable) of the investment credit base of qualified equip-

ment placed in service in the tax year, up to a maximum

allowed credit for the tax year of $1,000,000. The employ-

ment investment portion is valid for each of the two tax years

next succeeding the tax year for which the manufacturing

equipment credit is allowed, but is limited to 3% of the invest-

ment credit base, not to exceed a maximum allowable amount

for each of the two tax years of $1,000 multiplied by the

increase in the average number of qualified employees.

To claim this credit, the taxpayer must complete Form 305 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

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(g) RESEARCH AND DEVELOPMENT TAX CREDIT - FORM

306: A taxpayer that has performed qualified research activi-

ties in New Jersey may be eligible to claim the Research and

Development Tax Credit. A credit for increased research

activities is allowed based on qualified expenditures made in

taxable years beginning on and after January 1, 1994. It pro-

vides a credit of 10% of the excess qualified research expens-

es over a base amount plus 10% of the basic research pay-

ments.

Qualified research is limited to scientific experimentation or

engineering activities designed to aid in the development of a

new or improved product, process, technique, formula, inven-

tion, or computer software programs held for sale, lease, or

license, or used by the taxpayer in a trade or business. For

in-house research expenses (see Section 41(b)(2) of the

Internal Revenue Code), this trade or business requirement

will be met if the taxpayer’s principal purpose for conducting

the research is to use the results of the research in the active

conduct of a future trade or business (see Section 41(b)(4) of

the Internal Revenue Code).

To claim this credit, the taxpayer must complete Form 306 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(h) SMALL NEW JERSEY-BASED HIGH-TECHNOLOGY BUSI-

NESS INVESTMENT TAX CREDIT - FORM 308: A taxpayer

may claim a tax credit in an amount equal to 10% of the qual-

ified investment made by the taxpayer during the tax year in a

small-New Jersey-based high-technology business. The

maximum allowable credit for each tax year is $500,000 for

each qualified investment made by the taxpayer. The small

high-technology business must employ less than 225 employ-

ees, of which 75% must have jobs in New Jersey. The small

high-technology business must conduct pilot scale manufac-

turing or qualified research in New Jersey in the fields of

advanced computing, advanced materials, biotechnology,

electronic device technology, environmental technology, and

medical device technology. P.L. 1997, c. 349 (N.J.S.A.

54:10A-5.24b) expired for privilege periods beginning on and

after July 1, 2001.

To claim this credit, the taxpayer must complete Form 308 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(i) NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT -

FORM 311: A taxpayer that contributes financial assistance to

a nonprofit sponsor may be granted a certificate authorizing a

tax credit which may be used to offset their corporation busi-

ness tax liability. The tax credit may be granted in an amount

up to 50% of the approved assistance provided to a nonprofit

organization to implement a qualified project that is part of an

approved neighborhood preservation and revitalization plan.

The credit may not exceed $500,000 for any taxable year.

To claim this credit, the taxpayer must complete Form 311 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(j) EFFLUENT EQUIPMENT TAX CREDIT - FORM 312: Atax-

payer that purchases treatment or conveyance equipment for

use in treatment of effluent for reuse in an industrial process

exclusively within New Jersey may be able to take a tax cred-

it. The credit is equal to 50% of the cost of the treatment

equipment or conveyance equipment less the amount of any

loan received and excluding the amount of sales and use tax.

The amount of credit claimed for the privilege period in which

the purchase is made and the amount of credit claimed there-

for in each privilege period thereafter shall not exceed 20% of

the amount of the total credit allowable. A copy of the deter-

mination of environmentally beneficial operation issued by the

Department of Environmental Protection along with an affi-

davit affirming the equipment will only be used in New Jersey

must be filed with the tax return.

To claim this credit, the taxpayer must complete Form 312 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(k) ECONOMIC RECOVERY TAX CREDIT - FORM 313: Atax-

payer that is engaged in the conduct of business within a qual-

ified municipality and who is not receiving a benefit under the

“New Jersey Urban Enterprise Zones Act” may claim a tax

credit equal to $2,500 for each new full-time position at that

location in credit year one and $1,250 for each new full-time

position at that location in credit year two.

To claim this credit, the taxpayer must complete Form 313 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(l) REMEDIATION TAX CREDIT - FORM 314: A taxpayer that

received certification from the Department of Environmental

Protection may be able to claim a tax credit equal to 100% of

the eligible costs of the remediation of a contaminated site in

New Jersey. Additional requirements must be met to the sat-

isfaction of the Director of the Division of Taxation and are

detailed in P.L. 2003, c. 296.

To claim this credit, the taxpayer must complete Form 314 and

attach it to the tax return. To obtain this form and related infor-

mation, refer to the index on page 13.

(m) AMA TAX CREDIT - FORM 315: A taxpayer who in a previ-

ous year(s) paid an Alternative Minimum Assessment (AMA)

liability which was in excess of the regular CBT liability may

take a credit against its regular CBT liability subject to the fol-

lowing limitations. The credit taken shall not reduce the tax-

payer’s CBT liability to less than the Alternative Minimum

Assessment, nor to below 50% of the regular CBT liability oth-

erwise due, nor to below the minimum tax due ($500 or

$2,000). In addition, other higher priority credits available to

the taxpayer per Schedule A-3 must be used before taking the

AMA credit.

To claim the AMA Tax Credit, the taxpayer must complete

Form 315 and attach it to the return. To obtain this form, refer

to the index on page 13.

(n) BUSINESS RETENTION AND RELOCATION TAX CREDIT -

FORM 316: A taxpayer that has entered into a project agree-

ment with the New Jersey Commerce Commission and

received qualification for a grant of tax credits may be able to

claim this tax credit. Form 316 must be completed and

attached to the tax return. To obtain this form and related

information, refer to the index on page 13.

(o) SHELTERED WORKSHOP TAX CREDIT - FORM 317: Atax-

payer that provides employment to qualified handicapped per-

sons at sheltered workshops may be able to claim this tax

credit. In general, the credit is allowed in an amount equal to

20% of the salary and wages paid during the privilege period

for the employment of a qualified person not to exceed $1,000

for each qualified person for the privilege period. To claim this

credit, the taxpayer must complete Form 317 and attach it to

the tax return. To obtain this form and related information,

refer to the index on page 13.

(p) FILM PRODUCTION TAX CREDIT - FORM 318: A taxpayer

that incurs qualified film production expenses in New Jersey

may be able to claim this credit. In general, the credit is

allowed in an amount equal to 20% of the qualified film pro-

duction expenses subject to certain limitations. To claim this

credit, the taxpayer must complete Form 318 and attach it to

the tax return. To obtain this form and related information,

refer to the index on page 13.

(q) URBAN TRANSIT HUB TAX CREDIT - FORM 319:

Taxpayers that have been approved by the New Jersey

Commerce Commission may be allowed a tax credit for capi-

tal investments made in qualified business facilities that are

located within eligible municipalities. To claim this credit, the

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taxpayer must complete Form 319 and attach it to the return.

To obtain this form and related information, refer to the index

on page 13.

(r) OTHER TAX CREDITS: Line 18 on Schedule A-3 provides for

any valid tax credit(s) allowable in accordance with the New

Jersey Corporation Business Tax Act that were not enacted at

the time that this packet was printed. Any tax credit(s) claimed

on this line must be documented with a valid New Jersey

Corporation Business Tax Credit Form, which is required to be

submitted with the tax return. This line should not include the

credit for taxes paid to other jurisdictions which should prop-

erly be reported on page 1, line 10.

47. INSTALLMENT PAYMENTS: Taxpayers are required to make

installment payments of estimated tax. The requirement for mak-

ing these payments is based on the amount of the total tax liabil-

ity shown on the most recent return.

(a) If the 2009 Total Tax Liability, before applying the 4% sur-

tax, is greater than $500, the taxpayer must make installment

payments towards 2010. These payments are to be made on

form CBT-150 and are due on or before the 15th day of the

4th, 6th, 9th and 12th months of the tax year. Taxpayers with

gross receipts greater than or equal to $50,000,000 must

make installment payments on the 15th day of the 4th, 6th,

and 12th months of the tax year. Details for making these

payments can be found in the CBT-150 instructions. Refer to

the index on page 13.

(b) If the 2009 Total Tax Liability, before applying the 4% sur-

tax,is $500, installment payments may be made as indicated

in (a) above OR in lieu of making installment payments, the

taxpayer may make a payment of 50% of the 2009 total tax lia-

bility. For taxpayers who qualify and wish to take advantage

of this option, enter on line 20, 50% of the amount on line 15.

This will become part of the payment to be made with the

2009 return and installment payments will not be required.

This payment should be claimed as a credit when filing the

2010 return.

48. PAYMENTS AND CREDITS: Credit for the total amount of the

payments and credits listed below should be taken on page 1, line

23:

(a) Include installment tax payments made with form CBT-150 as

well as any payment made on line 20 of the 2007 CBT-100 or

line 12 of the 2007 CBT-100S.

(b) Include the payment, if any, that was remitted with the tenta-

tive return, form CBT-200-T.

the taxpayer elected to have credited to the current year’s tax.

Do not include any amount of the overpayment which the tax-

payer elected to have refunded.

(d) Include any payments remitted electronically through the

Electronic Funds Transfer Program.

(e) Line 23(a)-Include the total payments made by partnerships

on behalf of the taxpayer that are reported in Column 7 on

Schedule P-1. Submit copies of the K-1’s reflecting payments

made by each partnership entity.

NOTE: PC installment payments from the prior year may not be

used to offset any current year tax liability and are NOT eligible

for refund.

49 . DELINQUENT FILING AND/OR TAX PAYMENT- COMPUTA-

TION OF PENALTY AND INTEREST:

Late Filing Penalty - 5% per month or fraction thereof on the

amount of underpayment not to exceed 25% of that underpay-

ment, except if no return has been filed within 30 days of the date

on which the first notice of delinquency in filing the return was

sent, the penalty shall accrue at 5% per month or fraction there-

of of the total tax liability not to exceed 25% of such tax liability.

Also, a penalty of $100 for each month the return is delinquent

may be imposed.

Late Payment Penalty - 5% of the balance of tax due paid after

the due date for filing the return may be imposed.

Interest - The annual interest rate is 3% above the average pre-

dominant prime rate. Interest is imposed each month or fraction

thereof on the unpaid balance of tax from the original due date to

the date of payment. At the end of each calendar year, any tax,

penalties and interest remaining due will become part of the bal-

ance on which interest will be charged. The interest rates

assessed by the Division of Taxation are published in the quar-

terly issues of the New Jersey State Tax News. See “Tax Forms

and Information” on page 13 for information on obtaining copies

of the newsletter.

NOTE: The average predominant prime rate is the rate as deter-

mined by the Board of Governors of the Federal Reserve System,

quoted by commercial banks to large businesses on December

1st of the calendar year immediately preceding the calendar year

in which payment was due or as redetermined by the Director in

accordance with N.J.S.A. 54:48-2.

Civil Fraud - If any part of an assessment is due to civil fraud,

there shall be added to the tax an amount equal to 50% of the

assessment in accordance with N.J.S.A. 54:49-9.1.

UNDERPAYMENT OF ESTIMATED TAX - Taxpayers must use

either Form CBT-160-A or CBT-160-B to determine whether an

underpayment exists in any of the installment payment periods

and if the corporation is subject to an interest charge on such

underpayment, the amount of interest. If the taxpayer qualifies for

any of the exceptions to the imposition of interest for any of the

installment payments, Part II must be completed and should be

filed with the taxpayer’s return, form CBT-100, as evidence of

such exception. The CBT-160 must be attached to the return and

any interest due included on line 25, Page 1 of the form CBT-100.

50. REFERRAL COST RECOVERY FEE: In accordance with

N.J.S.A. 54:49-12.3, a Referral Cost Recovery Fee of 10% of any

tax, penalty and interest due will be added to your liability if the

matter is assigned to an outside collection agency. For delinquent

periods, if that period is assigned to an outside collection agency,

a Referral Cost Recovery Fee will be assessed prior to the filing

of a Certificate of Debt.

51. AMENDED RETURNS: To amend CBT-100 returns, use the

CBT-100 form for the appropriate tax year and write “AMENDED

RETURN” clearly on the front page of the form. Mail to: State of

New Jersey, Division of Taxation, CBT Refund Group, PO Box

259, Trenton, NJ 08695-0259.

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Page

2 . . . Schedule A . . . . . . . . . . . . Computation of Entire Net Income

3 . . . Schedule A-2 . . . . . . . . . . Cost of Goods Sold

3 . . . Schedule A-3 . . . . . . . . . . Summary of Tax Credits

4 . . . Schedule A-4 . . . . . . . . . . Summary Schedule

4 . . . Schedule A-5 . . . . . . . . . . Federal IRC Section 199 Adjustment

5 . . . Schedule A-GR . . . . . . . . . Computation of New Jersey Gross Receipts and Minimum Tax

5,6 . . . Schedule AM . . . . . . . . . . . Alternative Minimum Assessment for C Corporations

7 . . . Schedule B . . . . . . . . . . . . Balance Sheet

7 . . . Schedule C . . . . . . . . . . . . Reconciliation of Income Per Books with Income Per Return

8 . . . Schedule C-1 . . . . . . . . . . Analysis of Unappropriated Retained Earnings Per Books

8 . . . Schedule E . . . . . . . . . . . . General Information

8 . . . Schedule F . . . . . . . . . . . . Corporate Officers - General Information and Compensation

9 . . . Schedule G . . . . . . . . . . . . Interest, Interest Expenses and Costs and Intangible Expenses and Costs

* . . . Schedule G-2 . . . . . . . . . . Claim for Exceptions to Disallowed Interest and Intangible Expenses and Costs

9 . . . Schedule H . . . . . . . . . . . . Taxes

18 . . . Schedule I . . . . . . . . . . . . Certification of Inactivity

10,11 . . . Schedule J . . . . . . . . . . . . General Information for Allocating Taxpayers, Average Values, Computation of Allocation Factor,

Computation of Throw Out Receipts, Key Corporation Designation, Computation of the Throw Out

Tax Effect for Limitation

12 . . . Schedule L . . . . . . . . . . . . Investment Companies

12 . . . Schedule M . . . . . . . . . . . . Regulated Investment Companies & Real Estate Investment Trusts

* . . . Schedule N . . . . . . . . . . . Nexus - Immune Activity Declaration

* . . . Schedule O . . . . . . . . . . . Nonoperational Activity

13 . . . Schedule P . . . . . . . . . . . . Subsidiary Investment Analysis

13 . . . Schedule P-1 . . . . . . . . . . Partnership Investment Analysis

13 . . . Schedule P-C . . . . . . . . . . Per Capita Licensed Professional Fee

13 . . . Schedule Q . . . . . . . . . . . . Qualified Subchapter S Subsidiaries (QSSS)

13 . . . Schedule R . . . . . . . . . . . . Dividend Exclusion

14-17 . . . Schedule S . . . . . . . . . . . . Depreciation and Safe Harbor Leasing

* . . . Form 300 . . . . . . . . . . . . . Urban Enterprise Zone Employees Tax Credit and Credit Carry Forward

* . . . Form 301 . . . . . . . . . . . . . Urban Enterprise Zone Investment Tax Credit and Credit Carry Forward

* . . . Form 302 and 302-A . . . . . Redevelopment Authority Project Tax Credit and Credit Carry Forward

* . . . Form 303 . . . . . . . . . . . . . Recycling Equipment Tax Credit

* . . . Form 304 and 304-A . . . . New Jobs Investment Tax Credit

* . . . Form 305 and 305-A . . . . Manufacturing Equipment and Employment Investment Tax Credit

* . . . Form 306 and 306-A . . . . Research and Development Tax Credit

* . . . Form 308 and 308-A . . . . Small New Jersey-Based High-Technology Business Investment Tax Credit

* . . . Form 310 . . . . . . . . . . . . . . HMO Assistance Fund Tax Credit

* . . . Form 311 . . . . . . . . . . . . . . Neighborhood Revitalization State Tax Credit

* . . . Form 312 . . . . . . . . . . . . . . Effluent Equipment Tax Credit

* . . . Form 313 . . . . . . . . . . . . . . Economic Recovery Tax Credit

* . . . Form 314 . . . . . . . . . . . . . . Remediation Tax Credit

* . . . Form 315 . . . . . . . . . . . . . AMA Tax Credit

* . . . Form 316 . . . . . . . . . . . . . . Business Retention and Relocation Tax Credit

* . . . Form 317 . . . . . . . . . . . . . . Sheltered Workshop Tax Credit

* . . . Form 318 . . . . . . . . . . . . . . Film Production Tax Credit

* . . . Form 319 . . . . . . . . . . . . . . Urban Transit Hub Tax Credit

* . . . Form 400 . . . . . . . . . . . . . . New Jersey Receipts Factor Throw Out

* . . . Form 401 . . . . . . . . . . . . . . Key Corporation and Affiliates Claiming AMA Threshold Limit

* . . . Form 500 . . . . . . . . . . . . . . Net Operating Loss and Carryover

* . . . Form 501 . . . . . . . . . . . . . . Federal IRC Section 199 Adjustment

INDEX OF CBT-100 SCHEDULES, FORMS AND INSTRUCTIONS

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www.state.nj.us/treasury/taxation

* These schedules and forms are available on the Division of Taxation’s web site, from the NJ TaxFax service or by contacting the Division.

TAX FORMS AND INFORMATION

To quickly obtain tax forms, information and Tax Topics Bulletins, you can access the Division of Taxation’s web site at

www.state.nj.us/treasury/taxation or our NJ TaxFax service from your fax machine’s phone at (609) 826-4500. NJ TaxTalk provides pre-

recorded information on NJ tax topics by calling on a touch-tone phone either within New Jersey at 1-800-323-4400 or (609) 826-4400

elsewhere. If you wish to speak to a Division of Taxation representative, call the Division’s Customer Service Center at (609) 292-6400.

The New Jersey State Tax News is published electronically on the Division of Taxation’s web site at: www.state.nj.us/treasury/taxation/pub-

lnews.htm. To be notified when new issues become available, subscribe to NJ Tax E-News, the Division’s online information service, at:

www.state.nj.us/treasury/taxation/listservice.htm.

For forms by mail, address your request to: NJ Division of Taxation, Taxpayer Forms Services, PO Box 269, Trenton, NJ 08695-0269.

E-CHECK, ELECTRONIC FUNDS TRANSFER (EFT) AND

CREDIT CARD PAYMENT INFORMATION FOR ALL CBT VOUCHERS

You may pay your New Jersey Corporation Business taxes and estimated taxes electroni-

cally by e-check or electronic funds transfer (EFT) or by credit card. Go to the Division of

Taxation’s website at http://www

.state.nj.us/treasury/taxation/

and select “File, Pay Online”.

Taxpayers who do not have access to the Internet may call the Division’s Customer Service Center

at 609-292-6400.

If you choose to pay by credit card (Visa, MasterCard, Discover/Novus or American

Express), a convenience fee of 2.49% must be paid directly to Official Payments Corporation. You

may also pay by phone at 1-800-2PAYTAX, toll free. You will be prompted to enter a jurisdiction

code to make your payment. The code for New Jersey is 4010.

If you are not currently enrolled in the Electronic Funds Transfer program with the Division

of Revenue, visit their website at: http://www

.state.nj.us/treasury/revenue/enrolleft.htm.

Do not use the CBT-100-V or CBT-150 payment voucher if using one of the above meth-

ods for payment. The CBT-200-T return must be submitted no matter what method of payment is

used.

- 14 -

www.state.nj.us/treasury/taxation

Type or print the requested information. Check if address change appears below. 

FEDERAL EMPLOYER I.D. NUMBER N.J. CORPORATION NUMBER

CORPORATION NAME

MAILING ADDRESS

CITY STATE ZIP CODE

Check if applicable  Initial return  1120-S filer  Inactive

State and date of incorporation _______________________________________

Date authorized to do business in N.J. _________________________________

Federal business activity code ________________________________________

Corporation books are in the care of ___________________________________

at_______________________________________________________________

Telephone Number (_________) _____________________________

DIVISION USE

RP NP A ______________ R ______________

1. Entire net income from Schedule A, line 38 (if a net loss, enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Allocation factor from Schedule J, Part III, line 5. Non-allocating taxpayers should not make an entry on line 2 2.

3. Allocated net income - Multiply line 1 by line 2. Non-allocating taxpayers must enter the amount from line 1 . 3.

4. a) Total nonoperational income $___________________________ (Schedule O, Part I) (see instruction 40)

b) Allocated New Jersey nonoperational income (Schedule O, Part III) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4(b)

5. Total operational and nonoperational income (line 3 plus line 4(b)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. Investment Company - Enter 40% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Real Estate Investment Trust - Enter 4% of line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

8. Tax Base - Enter amount from line 5 or line 6 plus 4(b), or line 7 plus 4(b), whichever is applicable . . . . . . . . . 8.

9. Amount of Tax - Multiply line 8 by the applicable tax rate (see instruction 11(a)) . . . . . . . . . . . . . . . . . . . . . . . . 9.

10. Credit for taxes paid to other jurisdictions (see instruction 34(a)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. Tax Credits (from Schedule A-3) (see instruction 46) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.

13. TOTAL CBT TAX LIABILITY - line 11 minus line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

14. Alternative Minimum Assessment (Schedule AM, Part VI, line 5)  Check and enter zero if AMA paid by a

Key Corporation (see instruction 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

15. Tax Due (greater of line 13 or 14 or minimum tax due from Schedule A-GR or instruction 11(d)) . . . . . . . . . . . . 15.

16. Key Corporation AMA Payment (Form 401, Part II, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.

17. Key Corporation Throw Out Payment (Form 400) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.

18. Subtotal - (Sum of lines 15, 16 and 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.

19. Surtax - Enter 4% of line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.

20. Installment Payment - (Only applies if line 15 is $500 - see instruction 47) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.

21. Professional Corporation Fees (Schedule PC, line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.

22. TOTAL TAX AND PROFESSIONAL CORPORATION FEES (sum of lines 18, 19, 20 and 21) . . . . . . . . . . . . . . 22.

23. Payments & Credits (see instruction 48) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.

a) Payments made by Partnerships on behalf of taxpayer (attach copies of all NJ-K-1’s) . . . . . . . . 23a.

24. Balance of Tax Due - line 22 minus line 23 and 23(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.

25. Penalty and Interest Due - (see instructions 7(e) and 49) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Total 25.

26. Total Balance Due - line 24 plus line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.

27. If line 23 plus 23(a) is greater than line 22 plus line 25,

enter the amount of overpayment . . . . . . . . . . . . . . . . . . . . . . . . . . . $

28. Amount of Item 27 to be Credited to 2010 return Refunded

2009

CBT-100

NEW JERSEY CORPORATION BUSINESS TAX RETURN

FOR TAXABLE YEARS ENDING ON OR AFTER

JULY 31, 2009 THROUGH JUNE 30, 2010

Taxable year beginning __________, ______, and ending ___________, ______

I declare under the penalties provided by law, that this return (including any accompanying schedules and statements) has been examined by me and to the best of my knowledge

and belief is a true, correct and complete return. If the return is prepared by a person other than the taxpayer, his declaration is based on all the information relating to the matters

required to be reported in the return of which he has knowledge.

____________________________________________________________________________________________________________________________________________

(Date) (Signature of Duly Authorized Officer of Taxpayer) (Title)

____________________________________________________________________________________________________________________________________________

(Date) (Signature of Individual Preparing Return) (Address) (Preparer’s ID Number)

____________________________________________________________________________________________________________________________________________

(Name of Tax Preparer’s Employer) (Address) (Employer’s ID Number)

DIVISION USE

•

SIGNATURE AND

VERIFICATION

(See Instruction 14)

2009-C - Page 1

COMPUTATION OF ENTIRE NET INCOME (SEE INSTRUCTION 16)

EVERY CORPORATION MUST COMPLETE LINES 1 - 38 OF THIS SCHEDULE.

SCHEDULE A

1. Gross receipts or sales ______________ Less returns and allowances _____________ . . . . . . . 1

2. Less: Cost of goods sold (Schedule A-2, line 8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

3. Gross profit - Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4. Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6. Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7. Gross royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8. Capital gain net income (attach separate Federal Schedule D) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9. Net gain or (loss) from Federal Form 4797 (attach Federal Form 4797) . . . . . . . . . . . . . . . . . . . . 9

10. Other income (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11. TOTAL INCOME - Add lines 3 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12. Compensation of officers (Schedule F) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13. Salaries and wages __________________ Less jobs credit __________________ Balance . . . . 13

14. Repairs (Do not include capital expenditures) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15. Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

16. Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

17. Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18. Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

19. Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

20a. Depreciation from Federal Form 4562 (attach copy) . . . . . . . . . . . . . 20a

20b. Less depreciation claimed in Schedule A and elsewhere on return . 20b 20c

21. Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

22. Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

23. Pension, profit-sharing plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

24. Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

25. Domestic production activities deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

26. Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27. TOTAL DEDUCTIONS - Add lines 12 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28. Taxable income before net operating loss deductions and special deductions (line 11 less

line 27 must agree with line 28, page 1 of the Unconsolidated Federal Form 1120, or the

appropriate line item from the Federal Forms 1120-IC-DISC, 1120-FSC or 1120-A, whichever

is applicable. (see instructions 8(b) and 16(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .28

NEW JERSEY ADJUSTMENTS -- LINES 29 - 38 MUST BE COMPLETED ON THIS FORM

29. Interest on Federal, State, Municipal and other obligations not included in Item 5 above

(see instruction 16(d)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

30. Related interest addback (Schedule G, Part I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .30

31. New Jersey State and other states taxes deducted above (see instruction 16(f)) . . . . . . . . . . . . . 31

32. Depreciation and other adjustments from Schedule S (see instruction 45) . . . . . . . . . . . . . . . . . . 32

33. (a) Deduction for IRC Section 78 Gross-up not deducted at line 37 below . . . . . . . . . . . . . . . . . . 33(a)

(b) Other deductions and additions. Explain on separate rider. (see instruction 16(h)) . . . . . . . . 33(b)

(c) Elimination of nonoperational activity (Schedule O, Part I) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33(c)

(d) Interest and intangible expenses and costs addback (Schedule G, Part II). . . . . . . . . . . . . . . . 33(d)

34. Entire net income before net operating loss deduction and dividend exclusion (total of lines 28

through 33 inclusive) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

35. Net operating loss deduction from Form 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

36. Entire Net Income before dividend exclusion (line 34 minus line 35) . . . . . . . . . . . . . . . . . . . . . . . 36

37. Dividend Exclusion from Schedule R, line 7. (see instruction 16(j)) . . . . . . . . . . . . . . . . . . . . . . . . 37

38. ENTIRE NET INCOME (line 36 minus line 37 - carry to page 1, line 1) . . . . . . . . . . . . . . . . . . . . . 38

2009-C - Page 2

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

SCHEDULE A-1 NET OPERATING LOSS DEDUCTION AND CARRYOVER

SCHEDULE A-2 COST OF GOODS SOLD (See Instruction 18)

SCHEDULE A-3

SUMMARY OF TAX CREDITS (See Instruction 19)

1. HMO Assistance Fund Tax Credit from Form 310 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. New Jobs Investment Tax Credit from Form 304 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. EITHER: a) Urban Enterprise Zone Employee Tax Credit from Form 300

OR b) Urban Enterprise Zone Investment Tax Credit from Form 301 . . . . . . . . . . . . . . . 3.

4. Redevelopment Authority Project Tax Credit from Form 302 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Recycling Equipment Tax Credit from Form 303 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5.

6. Manufacturing Equipment and Employment Investment Tax Credit from Form 305 . . . . . . . . . . . . . . 6.

7. Research and Development Tax Credit from Form 306 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

. 8. Small New Jersey-Based High-Technology Business Investment Tax Credit from Form 308 . . . . . . 8.

9. Neighborhood Revitalization State Tax Credit from Form 311 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

10. Effluent Equipment Tax Credit from Form 312 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Economic Recovery Tax Credit from Form 313 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. Remediation Tax Credit from Form 314 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.

13. AMA Tax Credit from Form 315 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

14. Business Retention and Relocation Tax Credit from Form 316 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

15. Sheltered Workshop Tax Credit from Form 317 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.

16. Film Production Tax Credit from Form 318 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.

17. Urban Transit Hub Tax Credit from Form 319 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.

18. Other Tax Credits (see instruction 46(r)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.

19. Total tax credits taken on this return - Add lines 1 through 18. Enter here and on page 1, line 12 . . 19.

2009-C - Page 3

NOTE: SCHEDULE A-1 HAS BEEN REPLACED BY FORM 500. NET OPERATING LOSSES MUST BE

DETAILED ON FORM 500 WHICH IS AVAILABLE SEPARATELY. TO OBTAIN THIS FORM AND RELATED

INFORMATION, REFER TO THE INDEX ON PAGE 13.

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

1. Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Additional section 263A costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. Total - Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

8. Cost of goods sold - Subtract line 7 from line 6. Enter here and on Schedule A, line 2 . . . . . . . . . . 8.

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 4

SCHEDULE A-4 SUMMARY SCHEDULE (See Instruction 20)

Net Operating Loss Deduction

and Carryover

1. Form 500, line 6 minus line 8 . . . . 1.

Interest and Intangible Costs and

Expenses

2. Schedule G, Part I, line b . . . . . . . . 2.

3. Schedule G, Part II, line b . . . . . . . . 3.

Schedule J Information

4. Schedule J, Part III, line 1(c) . . . . . 4.

5. Schedule J, Part III, line 2(f) . . . . . . 5.

6. Schedule J, Part III, line 2(g) . . . . . 6.

7. Schedule J, Part III, line 2(h) . . . . 7.

8. Schedule J, Part III, line 2(j) . . . . . 8.

9. Schedule J, Part III, line 3(c) . . . . . 9.

Non-Operational Income Information

10. Schedule O, Part III, line 31 . . . . .10.

Dividend Exclusion Information

11. Schedule R, line 4 . . . . . . . . . . . . . 11.

12. Schedule R, line 6 . . . . . . . . . . . . .12.

Schedule A-GR Information

13. Schedule A-GR, line 6 . . . . . . . . . .13.

SCHEDULE A-5 FEDERAL IRC SECTION 199 ADJUSTMENT (See Instruction 21)

ALL CORPORATIONS MUST COMPLETE THIS SCHEDULE

AND SUBMIT IT WITH THEIR CBT-100 TAX RETURN

1. Federal Section 199 Domestic Production expensed in arriving at federal taxable income . . . . . . . . 1.

2. Less: New Jersey Separate Entity Domestic Production allowed from Form 501 . . . . . . . . . . . . . . . 2.

3. Net Section 199 adjustment - line 1 minus line 2. Include on Schedule A, line 33(b) . . . . . . . . . . . . 3.

1. New Jersey Gross Profits - enter amount from Part II, line 5; if less than $1,000,000, enter

zero on line 5 and go to Part V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2. If line 1 is greater than $1,000,000, but not over $10,000,000, complete line 3.

If line 1 is greater than $10,000,000 then go to line 4.

3. (a) Maximum exclusion amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(a)

(b) Subtract line 3(a) from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(b)

(c) Multiply line 3(b) by .0025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(c)

(d) Multiply line 3(c) by 1.11111, the NJ AMA Exclusion Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(d)

4. (a) If line 1 is greater than $10,000,000, but not over $15,000,000, multiply line 1 by .0035 . . . 4(a)

(b) If line 1 is greater than $15,000,000, but not over $25,000,000, multiply line 1 by .006 . . . . 4(b)

(d) If line 1 is greater than $37,500,000, multiply line 1 by .008 . . . . . . . . . . . . . . . . . . . . . . . . . 4(d)

5. AMA based on Gross Profits - amount from line 3(d) or 4(a), 4(b), 4(c), or 4(d) . . . . . . . . . . . . . 5

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C Page 5

SCHEDULE A-GR COMPUTATION OF NEW JERSEY GROSS RECEIPTS AND MINIMUM TAX (See Instruction 22)

SCHEDULE AM ALTERNATIVE MINIMUM ASSESSMENT FOR C CORPORATIONS (See Instruction 23)

PART I COMPUTATION OF NEW JERSEY GROSS RECEIPTS

1. Enter sales of tangible personal property shipped to points within New Jersey . . . . . . . . . . . . . . 1

2. Enter services performed in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

3. Enter rentals of property situated in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4. Enter royalties for the use in New Jersey of patents and copyrights . . . . . . . . . . . . . . . . . . . . . . 4

5. Enter all other business receipts earned in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6. Total New Jersey Gross Receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7. Enter minimum tax per instruction 11(d). Carry to page, 1 line 15 . . . . . . . . . . . . . . . . . . . . . . . . 7

1. Enter sales of tangible personal property shipped to points within New Jersey . . . . . . . . . . . . . . 1

2. Enter services performed in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

3. Enter rentals of property situated in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4. Enter royalties for the use in New Jersey of patents and copyrights . . . . . . . . . . . . . . . . . . . . . . 4

5. Enter all other business receipts earned in New Jersey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6. Total New Jersey Gross Receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

PART II COMPUTATION OF NEW JERSEY GROSS PROFITS

1. Enter New Jersey Gross Receipts from Part I, line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Enter Cost of Goods Sold amount from Schedule A-2, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Enter the Allocation Factor or Receipts Factor from Schedule J (Non-allocators enter 100%) . . 3.

4. New Jersey Cost of Goods Sold - multiply line 2 by line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. New Jersey Gross Profits - subtract line 4 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

PART IV ALTERNATIVE MINIMUM ASSESSMENT BASED UPON GROSS PROFITS

PART III GROSS SALES AND COST OF GOODS SOLD FOR CURRENT AND PRIOR YEARS

2. NJ Cost of

Goods Sold

1. NJ Gross

receipts

Year 2007

Year 2006

Year 2008

Year 2009

From Part II Above

$1,000,000

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C Page 6

PART V ALTERNATIVE MINIMUM ASSESSMENT BASED UPON GROSS RECEIPTS

1. New Jersey Gross Receipts - enter amount from Part I, line 6; if less than $2,000,000,

enter zero on line 5 and go to Part VI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1

2. If line 1 is greater than $2,000,000, but not over $20,000,000, complete line 3.

If line 1 is greater than $20,000,000 then go to line 4.

3. (a) Maximum exclusion amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(a)

(b) Subtract line 3(a) from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(b)

(c) Multiply line 3(b) by .00125 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(c)

(d) Multiply line 3(c) by 1.11111, the NJ AMA Exclusion Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . 3(d)

4. (a) If line 1 is greater than $20,000,000, but not over $30,000,000, multiply line 1 by .00175 . . 4(a)

(b) If line 1 is greater than $30,000,000, but not over $50,000,000, multiply line 1 by .003 . . . . 4(b)

(d) If line 1 is greater than $75,000,000, multiply line 1 by .004 . . . . . . . . . . . . . . . . . . . . . . . . . 4(d)

5. AMA based on Gross Receipts - amount from line 3(d) or 4(a), 4(b), 4(c), or 4(d) . . . . . . . . . . . 5

PART VI CORPORATION BUSINESS TAX/ALTERNATIVE MINIMUM ASSESSMENT

1. Enter amount from Part V, line 5, Alternative Minimum Assessment (Gross Receipts) . . . . . . . . 1

2. Enter amount from Part IV, line 5, Alternative Minimum Assessment (Gross Profits) . . . . . . . . . 2

3. Maximum Alternative Minimum Assessment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4. For the first privilege period, the taxpayer has the option to select the computation of the

Alternative Minimum Assessment on line 1 or 2. However, once selected, the method must

be employed for that privilege period, and for the next succeeding four privilege periods.

Enter your selection on line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5. Amount of Tax - enter the lesser of line 3 or line 4. Enter this amount on line 14, page 1 of

the CBT-100. If taxpayer is part of an affiliated group claiming the AMA Threshold Limit,

enter zero on line 14 and go to Part VII . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

1. Enter the name of the elected Key Corporation . . . . . . . .

2. Enter the FID Number of the Key Corporation . . . . . . . . .

3. Enter the AMA tax from Part VI, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

4. Enter the CBT liability from CBT-100, page 1, line 13, or the minimum tax, whichever

is greater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5. Excess AMA over CBT - line 3 minus line 4 (If less than zero, enter zero) . . . . . . . . . . . . . . . . . 5

PART VII KEY CORPORATION ELECTION

$5,000,000

$2,000,000

1. Cash

2. Trade notes and accounts receivable

(a) Reserve for bad debts ( ) ( )

3. Loans to stockholders / affiliates

4. Stock of subsidiaries

5. Corporate stocks

6. Bonds, mortgages and notes

7. New Jersey State and Local government obligations

8. All other government obligations

9. Patents and copyrights

10. Deferred charges

11. Goodwill

12. All other intangible personal property (itemize)

13. Total intangible personal property (total lines 1 to 12)

14. Land

15. Buildings and other improvements

(a) Less accumulated depreciation ( ) ( )

16. Machinery and equipment

(a) Less accumulated depreciation ( ) ( )

17. Inventories

18. All other tangible personalty (net) (itemize on rider)

19. Total real and tangible personal property (total lines 14 to 18)

20. Total assets (add lines 13 and 19)

Liabilities and Stockholder’s Equity

21. Accounts payable

22. Mortgages, notes, bonds payable in less than 1 year (attach schedule)

23. Other current liabilities (attach schedule)

24. Loans from stockholders / affiliates

25. Mortgages, notes, bonds payable in 1 year or more (attach schedule)

26. Other liabilities (attach schedule)

27. Capital stock: (a) Preferred stock

(b) common stock

28. Paid-in or capital surplus

29. Retained earnings - appropriated (attach schedule)

30. Retained earnings - unappropriated

31. Adjustments to shareholders’ equity (attach schedule)

32. Less cost of treasury stock

33. Total liabilities and stockholder’s equity (total lines 21 to 32)

SCHEDULE B BALANCE SHEET AS OF __________________________________________, _________

Figures appearing below must be the same as year-end figures shown on the taxpayer’s books. If not, explain and

reconcile on rider. Consolidated returns are not permitted. See instruction 24.

Assets Beginning of Tax Year End of Tax Year

7. Income recorded on books this year not

included in this return (itemize)

(a) Tax-exempt interest $ _______________

(b) ________________________________

8. Deductions in this tax return not charged

against book income this year (itemize)

(a) Depreciation $ _____________________

(b) Contributions Carryover $ ____________

____________________________________

9. Total of lines 7 and 8

10. Income (Item 28, Schedule A) - line 6 less 9

SCHEDULE C RECONCILIATION OF INCOME PER BOOKS WITH INCOME PER RETURN (See Instruction 25)

1. Net income per books

2. Federal income tax

3. Excess of capital losses over capital gains

4. Income subject to tax not recorded on

books this year (itemize)

__________________________________

5. Expenses recorded on books this year not

deducted in this return (itemize)

(a) Depreciation $____________________

(b) Contributions Carryover $___________

6. Total of lines 1 through 5

2009-C - Page 7

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

4. Is the capital stock of the taxpayer listed on any exchange? “Yes or No” __________. If yes, specify exchanges where listed and submit taxpayer’s

Annual Report to stockholders for the period covered by this return.

5. Is this corporation a Professional Corporation (PC) formed pursuant to NJSA 14A:17-1 et.seq. or any similar law from a possession or territory of the

United States, a state, or political subdivision thereof? “Yes or No” ____________. If yes, go to the next question.

How many licensed professionals are owners, shareholders, and/or employees from this PC as of the first day of the privilege period? _____________.

Attach a rider providing the names, addresses, and FID or SS numbers of the licensed professionals in the PC. If the number of licensed professionals

is greater than 2, complete Schedule PC-Per Capita Licensed Professional Fee. See instruction 43 for examples of licensed professionals.

6. This question must be answered by corporations with income from sources outside the United States.

(a) Is income from sources outside the United States included in entire net income at line 38 of Schedule A. “Yes or No” ____________.

(b) If the answer is “No”, set forth such items of gross income, the source, the deductions and the amount of foreign taxes paid thereon. Enter at line

33(b), Schedule A, the difference between the net of such income and the amount of foreign taxes paid thereon not previously deducted.

7. During the period covered by the return, did the taxpayer acquire or dispose of directly or indirectly a controlling interest in certain commercial

property? “Yes or No” __________.

1. Balance at beginning of year

2. Net income per books

3. Other increases (itemize)

___________________________________

4. Total of lines 1, 2 and 3

5. Distributions

(a) Cash $ ___________________________

(b) Stock $___________________________

6. Other decreases (itemize)

____________________________________

7. Total of lines 5 and 6

8. Balance end of year (line 4 less 7)

SCHEDULE C-1 ANALYSIS OF UNAPPROPRIATED RETAINED EARNINGS PER BOOKS (See Instruction 25)

1. Type of business__________________________________________________________________________________________________________

Principal products handled __________________________________________________________________________________________________

Internal Revenue Center where corresponding Federal tax return was filed____________________________________________________________

2. FINAL DETERMINATION OF NET INCOME BY FEDERAL GOVERNMENT (See Instruction 15)

Has a change or correction in the amount of taxable income of the reporting corporation or for any other corporation purchased, merged or

consolidated with the reporting corporation, been finally determined by the Internal Revenue Service, and not previously reported to New Jersey?

“Yes” or “No” _______________________. If “Yes”, an amended return must be filed.

3. Did one or more other corporations own beneficially, or control, a majority of the stock of taxpayer corporation or did the same interests own

beneficially, or control, a majority of the stock of taxpayer corporation and of one or more other corporations?

“Yes” or “No” _______________________. If “Yes”, give full information below (Attach rider if necessary).

SCHEDULE E GENERAL INFORMATION (See Instruction 26)

ALL TAXPAYERS MUST ANSWER THE FOLLOWING QUESTIONS. RIDERS MUST BE PROVIDED WHERE NECESSARY.

Percent of Stock

Name of Controlled Corporations Owned or Controlled By Whom Controlled

2009-C - Page 8

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

SCHEDULE F CORPORATE OFFICERS - GENERAL INFORMATION AND COMPENSATION (See Instruction 27)

(1) (2) (3) (4) (5) (6)

Dates Employed Percent of Corporation

Name and Current Address of Officer Social Security Number Title in this position Stock Owned Amount of

From To Common Preferred Compensation

(a) Total compensation of officers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Less: Compensation of officers claimed elsewhere on the return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c) Balance of compensation of officers (enter here and on Schedule A, line 12, page 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1. New Jersey Taxes

2. Other States & U.S. Possessions

3. City and Local Taxes

10. Total (Combine line 5 and line 9)

6. Combine lines 5(a) and 5(b)

8. Add lines 6 and 7 - Carry to

Schedule A, line 31.

7. Sales & Use Taxes Paid by a

Utility Vendor

5. Total

4. Taxes Paid to Foreign Countries

9. Federal Taxes

(a) (b) (c) (d) (e) (f)

Corporation Corporation Property U.C.C. or Other Taxes Total

Franchise/Business Business/Occupancy Taxes Payroll (attach schedule)

Taxes* Taxes* Taxes

SCHEDULE H

TAXES (See Instructions 16(f) and 29)

Include all taxes paid or accrued during the accounting period wherever deducted on Schedule A.

*Include on line 4 taxes paid or accrued to any foreign country, state, province, territory, or subdivision thereof.

SCHEDULE G - PART I INTEREST (See Instruction 28)

1. Was interest paid, accrued or incurred to a related member(s), deducted from entire net income?

“Yes” or “No” _______________________. If “Yes”, fill out the following schedule.

Name of Related Member Federal ID Number

Relationship to Taxpayer

Amount Deducted

(a) Total amount of interest deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Less: Exceptions (see instruction 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c) Balance of interest deducted (carry to Schedule A, line 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE G - PART II INTEREST EXPENSES AND COSTS AND INTANGIBLE EXPENSES AND COSTS (See Instruction 28)

1. Were intangible expenses and costs including intangible interest expenses and costs, paid, accrued or incurred to related members, deducted from

entire net income? “Yes” or “No” _______________________. If “Yes”, fill out the following schedule.

Name of Related Member Federal ID Number

Relationship to Taxpayer

Amount Deducted

Type of Intangible

Expense Deducted

(a) Total amount of intangible expenses and costs deducted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Less: Exceptions (see instruction 28) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(c) Balance of intangible expenses and costs deducted (carry to Schedule A, line 33(d)) . . . . . . . . . . . . . . . . . . . . . . .

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 9

()

AVERAGE VALUES (See instruction 33)

(Omit Cents)

Column A - New Jersey Column B - Everywhere

1. Land

2. Buildings and other Improvements

3. Machinery and Equipment

4. Inventories

5. All other Tangible Personalty Owned

(Itemize on Rider)

6. Property rented or leased

(8 x Annual Rent)

7. All other Property Used

8. Total Real and Tangible Personal Property

ASSETS

DIVISION USE ONLY

ALL TAXPAYERS WHO MAINTAIN A REGULAR PLACE OF BUSINESS OUTSIDE OF NEW JERSEY REGARDLESS

OF THE AMOUNT OF ENTIRE NET INCOME REPORTED ON SCHEDULE A, LINE 38, OF THE CBT-100 SHOULD

COMPLETE SCHEDULE J. THIS SCHEDULE SHOULD BE OMITTED IF THE TAXPAYER DOES NOT MAINTAIN A

REGULAR PLACE OF BUSINESS OUTSIDE THIS STATE OTHER THAN A STATUTORY OFFICE, IN WHICH CASE THE

TAX LAW REQUIRES THE ALLOCATION FACTOR TO BE 100% (1.000000).

PART I ALL ALLOCATING COMPANIES MUST ANSWER THE FOLLOWING QUESTIONS (See Instruction 32)

(a) State the number of regular corporate places of business maintained outside this State (See instruction 32(b)) _______________________________

(b) List the address of at least one such regular place of business _____________________________________________________________________

(c) List the States in which the taxpayer maintained a permanent and continuous place of business, indicating type of establishment, such as warehouse,

factory, store, office, etc. ___________________________________________________________________________________________________

(d) Give the address of every factory, warehouse, store, or other place of business in New Jersey, indicating type of establishment _________________

______________________________________________________________________________________________________________________

(e) Number of people employed (average) in New Jersey ____________________________ outside New Jersey _______________________________

(f) Explain in detail internal controls used in distribution of receipts in and out of New Jersey, as shown in Part III, line 2 __________________________

_______________________________________________________________________________________________________________________

(g) State the location of the actual seat of management or control of the corporation________________________________________________________

SCHEDULE J

Parts I, II, III,

IV, V and VI

PART II AVERAGE VALUES (See Instruction 33)

(a) This schedule showing average values of real and tangible personal property must be completed by every taxpayer entitled to and electing to allocate.

(b) The average values of real and tangible personal property owned are to be computed on the basis of the average book values thereof and not on original

cost. Rented or leased property is valued at 8 times the annual rent, including any amounts paid or accrued in addition to or in lieu of rent during the

period covered by the return. All other property which is used by the taxpayer but is neither owned, rented or leased, should be valued at book value,

however, if no such book value exists, the market value of the property should be used.

(c) The frequency upon which the amounts in Columns A and B below have been averaged is _____________________________ (See instruction 33).

1. Average value of the taxpayer’s real and tangible personal property:

(a) In New Jersey (Part II, Column A, line 8) 1(a)

(b) Everywhere (Part II, Column B, line 8) 1(b)

2. Receipts:

(a) From sales of tangible personal property shipped to points within New Jersey. 2(a)

(b) From services performed in New Jersey 2(b)

(d) From royalties for the use in New Jersey of patents and copyrights 2(d)

(e) All other business receipts earned in New Jersey. (See instruction 34(d)) 2(e)

(f) Total New Jersey receipts (Total of lines 2(a) to 2(e), inclusive, in Column A) 2(f)

(g) Total receipts from all sales, services, rentals, royalties and other business

transactions everywhere. 2(g)

(h) Less Nonsourced Receipts (see instruction 34(e)) 2(h)

(i) Total Everywhere Receipts allowable (line 2(g) minus line 2(h)) 2(i)

(j) Percentage in New Jersey (line 2(f) divided by line 2(i). Enter in Column B. 2(j)

(k) Double-weighted receipts factor (Enter 2(j)) 2(k)

3. Wages, salaries and other personal service compensation (See instruction 34(g))

(a) In New Jersey 3(a)

(b) Everywhere 3(b)

4. Sum of New Jersey percentages shown at lines 1(c), 2(j), 2(k), and 3(c)

Enter in Column B. 4

5. Allocation Factor (line 4 divided by four, or by the number of percentages included on line 4

See instruction 34(h)). Enter in Column B and carry to Line 2, page 1, of the CBT-100. 5

COLUMN A (omit cents) COLUMN B

Complete by carrying the fraction to six (6)

decimal places. Do not express as a

percent. Example:

123,456

1,000,000 =

PART III COMPUTATION OF ALLOCATION FACTOR (See Instruction 34)

6541 2 3

•

2009-C - Page 10

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

( )

Name of the Jurisdiction in which Receipts are Sourced

10.

TOTAL - Add lines 1 through 10. Carry to Schedule J, Part III, line 2(h)

Total Receipts from all Sales, Services, Rental, Royalties, and

Other Business Transactions

PART IV COMPUTATION OF THROW OUT RECEIPTS (See Instruction 35)

PART V KEY CORPORATION DESIGNATION (See instruction 36)

PART VI COMPUTATION OF THE THROW OUT TAX EFFECT FOR LIMITATION (See Instruction 36)

All taxpayers claiming the throw out limitation must designate a key corporation and complete Part VI below. The key corporation will be responsible for

remitting the additional tax. The key corporation must complete Form 400.

Name: ______________________________________________________________________________FID# ____________________________________

1. Entire net income from Schedule A, line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Allocation factor from Schedule J, line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Allocated net income - Multiply line 1 by line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Tax Rate (See Instruction 11(a)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Gross Tax Liability - Multiply line 3 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. Less Tax Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. Net Tax Liability - line 5 minus line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

8. Surtax - Multiply line 7 by .04 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.

9. Total Tax Liability - line 7 plus line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.

10. Property Fraction (Schedule J, Part III, line 1(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.

11. Wage Fraction (Schedule J, Part III, line 3(c)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

12. Total New Jersey Receipts (Schedule J, Part III, line 2(f)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.

13. Total Everywhere Receipts (Schedule J, Part III, line 2(g)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

14. Receipts Fraction (line 12 divided by line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.

15. Double Weight Receipts (enter amount from line 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.

16. Total (line 10 plus line 11 plus line 14 plus line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.

17. Allocation Factor (line 16 divided by 4) Carry to Page 1, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.

18. Entire Net Income from Schedule A, line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.

19. Allocated Net Income - Multiply line 17 by line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.

20. Tax Rate (from line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.

21. Gross Tax Liability - Multiply line 19 by line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21.

22. Less Tax Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.

23. Net Tax Liability (line 21 minus line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.

24. Surtax - Multiply line 23 by .04 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.

25. Total Tax Liability - line 23 plus line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.

26. Throw Out Tax Income (line 9 minus line 25) This amount should be carried to Form 400 of the CBT-100

filed by the designated key corporation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.

2009-C - Page 11

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

()

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 12

SCHEDULE L INVESTMENT COMPANIES (See Instruction 37)

1. DEFINITION OF INVESTMENT COMPANY: “Investment company”

shall mean any corporation whose business during the period covered

by its report consisted to the extent of at least 90% thereof, of holding,

investing and reinvesting in stocks, bonds, notes, mortgages,

debentures, patents, patent rights and other securities, for its own

account. But this shall not include any corporation which: (1) is a

merchant or a dealer of stocks, bonds and other securities, regularly

engaged in buying the same and selling the same to customers; or (2)

had less than 90% of its average gross assets in New Jersey, at cost,

invested in stocks, bonds, debentures, mortgages, notes, patents,

patent rights or other securities or consisting of cash on deposit during

the period covered by its report; or (3) is a banking corporation or a

financial business corporation as defined in the Corporation Business

Tax Act.

2. NOTE: If taxpayer does not qualify under this definition, it is not entitled

to report as an investment company.

3. In order to qualify as an investment company, taxpayer must submit a

schedule showing that it meets the following three-part business test

and the assets test.

(a) i Income Adjusted: For purposes of the 90% requirement above,

taxpayer, during the entire period covered by its report, must have

derived 90% or more of its total income before deductions as

reported for Federal income tax purposes from cash and/or

investment type assets. Total income before deductions as

reported for Federal income tax purposes must be adjusted as

follows:

(1) Add gross receipts or gross sales adjusted for gross profit

(loss) reported for Federal income taxes;

(2) Add gross sales price from the disposition of assets adjusted

for capital gain or loss or net gain or loss reported for Federal

income taxes;

(3) Add interest on Federal, State, municipal and other obligations

included in determining New Jersey net income, but not

otherwise included in Federal total income;

(4) Do not add any capital loss carry back or carry forward in

computing total income.

ii Income Unadjusted: For purposes of the 90% requirement

above, taxpayer during the entire period covered by its report,

must have derived 90% or more of its total income before

deductions as reported for Federal income tax purposes from

cash and/or investment type assets, plus interest on Federal,

State municipal and other obligations not otherwise included in

Federal taxable income and exclusive of any capital loss carry

back or carry forward.

(1) A gain resulting from the disposition of an asset and reported

on the installment basis for Federal income taxes is

considered income for purposes of the investment company

statute in the year in which the installment is received under

both 3(a) i and ii above. Income reported on the installment

basis is treated as investment type income only if it is

generated by the sale of an investment type asset. Interest

income received in conjunction with each installment is

deemed investment type income.

iii Deductions: For purposes of the 90% requirement above,

taxpayer, during the entire period covered by its report, must have

incurred 90% or more of its total deductions as reported for

Federal income tax purposes for holding, investing and

reinvesting in cash and/or investment type assets.

(b) Assets test: For purposes of the 90% requirement provided by 1.(2)

above, at least 90% of the taxpayer’s gross assets located in New

Jersey, valued at cost, must consist of cash and/or investment type

assets, during the period covered by its report.

4. The election to report as an investment company is effective only for the

particular year covered by the return and if desired for a subsequent

year must be renewed.

5. The minimum tax is computed in accordance with instruction 11(d) and

Schedule A-GR.

REGULATED INVESTMENT COMPANIES -

GENERAL INFORMATION (See Instruction 38)

1. Is this taxpayer registered and regulated under the Federal Investment

Company Act of 1940 (54 Stat. 789, as amended)?

“Yes” or “No” __________

If “Yes”, give registration number and date of registration with the

Securities and Exchange Commission:

Reg No. _____________________ Date _________________

IMPORTANT NOTE: If the taxpayer’s certificate under the Act was not

obtained prior to the commencement of the period covered in the return

or if such authority was not continued during such entire period, then

the taxpayer is not entitled to report as a Regulated Investment

Company.

2. Has the taxpayer satisfied the requirements of Chapter 1, Subchapter

M, Part I, Section 852(a) of the Federal Internal Revenue Code? “Yes”

or “No” __________. If “No”, taxpayer is not entitled to report as a

Regulated Investment Company.

3. Every taxpayer seeking to report as a regulated investment company

MUST SUBMIT WITH THIS RETURN ITS PRINTED ANNUAL

REPORT TO STOCKHOLDERS for the period covered by this return

together with all other stockholder reports issued by the company during

such period.

4. The tax liability for a Regulated Investment Company is computed in

accordance with instruction 11(d) and Schedule A-GR and should be

reported on Line 9, page 1 of the return.

REAL ESTATE INVESTMENT TRUSTS -

GENERAL INFORMATION (See Instruction 38)

1. Is the taxpayer a corporation, unincorporated trust or unincorporated

association which is qualified and has elected to be taxed as a real

estate investment trust under Federal law?

“Yes” or “No” __________.

SCHEDULE M REGULATED INVESTMENT COMPANIES AND REAL ESTATE INVESTMENT TRUSTS

(2)

Date and

State where

Organized

(6)

New Jersey

Nexus

Yes No

(1)

Name of Partnership

LLC, or Other Entity and Federal ID Number

Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 13

SCHEDULE P SUBSIDIARY INVESTMENT ANALYSIS (See Instruction 41)

NOTE: Taxpayers must hold at least 80% of the combined voting power of all classes of stock entitled to vote and at least 80% of the total number of shares of all other classes

of stock, except non-voting stock which is limited and preferred as to dividends, for each subsidiary. Do not include advances to subsidiaries in book value.

(1)

Name of Subsidiary

(4)

Dividend Income

(as reported in Schedule A)

(3)

Book Value

(as reported in Schedule B)

(2)

Percentage of Interest

Voting Non-Voting

SCHEDULE R DIVIDEND EXCLUSION (See Instruction 44)

1. Dividend income included in Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.

2. Less: Dividend Income - Schedule P, Column (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Balance (line 1 less line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Less: Dividend income from investments where taxpayer owns less than 50% of voting stock and less than

50% of all other classes of stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Balance (line 3 less line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.

6. 50% of line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.

7. DIVIDEND EXCLUSION: Line 2 plus line 6 (Carry to Schedule A, line 37) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

SCHEDULE P-1 PARTNERSHIP INVESTMENT ANALYSIS (See Instruction 42)

(7)

Tax Payments Made on Behalf

of Taxpayer by Partnerships

(3)

Percentage

Ownership

(4)

Limited General

Partner Partner

(5)

Tax Accounting Method

Flow Separate

Through Accounting

Total Column 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

SCHEDULE Q QUALIFIED SUBCHAPTER S SUBSIDIARIES (QSSS)

1. Does this corporation own any Qualified Subchapter S Subsidiaries? . . . . . . . . . . . . . . . . . . . . . . . . . . .Yes _____ No _____

If yes, list all the QSSS’s names, addresses, and FID#’s below. Attach additional rider if necessary. Separately note those subsidiaries that have

made a New Jersey QSSS election and whose activities are included in this return.

SCHEDULE PC

PER CAPITA LICENSED PROFESSIONAL FEE (See Instruction 43)

1 (a). Enter number of resident and non-resident professionals with physical nexus with

New Jersey __________________ x $150 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(a)

1(b). Enter number of non-resident professionals without physical nexus with

New Jersey __________________ x $150 x allocation factor of the PC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(b)

1(c). Total Fee Due - Add lines 1(a) and line 1(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1(c)

2. Installment Payment - 50% of line 1(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.

3. Total Fee Due (line 1(c) plus line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.

4. Less prior year 50% installment payment and credit (if applicable) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.

5. Balance of Fee Due (line 3 minus line 4). If the result is zero or above, enter this amount on page 1, line 21 . . . 5.

6. Credit to next year’s Professional Corporation Fee (if line 5 is below zero, enter the amount here) . . . . . . . . . . . . 6.

()

Attach Federal Form 4562 to Return and Include Federal Depreciation Worksheet

Adjustments at Line 32, Schedule A - Depreciation and Certain Safe Harbor Lease Transactions

11. Additions

(a) Amounts from lines 4, 5, 6 and 9 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a.______________________

(b) Special Depreciation Allowance - for assets placed in service during accounting

periods beginning on and after January 1, 2002, and for which federal 30%

or 50% bonus depreciation was taken in the current tax year. Include the initial 30%

or 50% bonus amount and the regular depreciation on the adjusted basis. . . . . . . b.______________________

(d) Deductions on Federal return resulting from an election made pursuant to

IRC Section 168(f)8 exclusive of elections made with respect to mass

commuting vehicles.

Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

Amortization of Transactional Costs . . . . . . . . . . . ____________________

Other Deductions . . . . . . . . . . . . . . . . . . . . . . . . . ____________________ d.______________________

(e) Section 179 depreciation in excess of New Jersey allowable deduction.

Fiscal year filers refer to instruction 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e.______________________

Total line 11 (lines a, b, c, d and e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 ______________________

12. Deductions

(a) New Jersey depreciation - (From Schedule S, Part II(A)) . . . . . . . . . . . . . . . . . . . a.______________________

(b) New Jersey depreciation - (From Schedule S, Part II(B)) . . . . . . . . . . . . . . . . . . . b.______________________

property from a partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c.______________________

(d) Any income included in the return with respect to property described at

line 11(d) solely as a result of that election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d.______________________

(e) The lessee/user should enter the amount of depreciation which would have

been allowable under the Internal Revenue Code at December 31, 1980 had

there been no safe harbor lease election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e.______________________

(f) Excess of accumulated ACRS, MACRS, or bonus depreciation over accumulated

NJ depreciation on physical disposal of recovery property (attach computations) . f. ______________________

Total line 12 (lines a, b, c, d, e and f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 ______________________

13. ADJUSTMENT - (line 11 minus line 12) Enter at line 32, Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 ______________________

SCHEDULE S - PART I DEPRECIATION AND SAFE HARBOR LEASING (See Instruction 45)

1. Section 179 Deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2. Special Depreciation Allowance - for certain property acquired after September 10, 2001 . . . . . . . . . . . . . . . . . . . . . . 2

3. a) MACRS - for assets placed in service during accounting periods beginning on and after July 7, 1993 . . . . . . . . 3(a)

b) MACRS - included in line 3(a) for assets on which bonus depreciation and excess section 179 depreciation taken 3(b)

4. MACRS - for assets placed in service during accounting periods beginning prior to July 7, 1993 . . . . . . . . . . . . . . . 4

5. ACRS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6. Other Depreciation - for assets placed in service after December 31, 1980 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7. Other Depreciation - for assets placed in service prior to January 1, 1981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8. Listed Property - for assets placed in service during accounting periods beginning on and after July 7, 1993 . . . . . . 8

9. Listed Property - for assets placed in service during accounting periods beginning prior to July 7, 1993 . . . . . . . . . . 9

10. Total depreciation claimed in arriving at line 28, Schedule A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 14

SCHEDULE S - PART II(A)

N.J. Depreciation on Recovery Property Placed in Service On or After January 1, 1981 and Prior to

Taxpayers Fiscal or Calendar Accounting Periods Beginning On and After July 7, 1993.

(G)

N.J. depreciation

computations

* Year placed in service acceptable for personal property only.

DO NOT USE “VARIOUS” IN ANY COLUMN.

Class Life Asset Depreciation Range (CLADR) System Depreciation - Attach Computations

Column A - Do not classify as 3, 5, 10 or 15 year property. Classify

consistent with Internal Revenue Code at December 31, 1980.

Account for distributive share of partnership property and

deductions separately. Do not include certain safe harbor

lease property.

Column B - Clearly segregate property placed in service during each year.

Depreciation on personal property is to be computed using the

half-year convention such that one half year depreciation is to

be claimed to the exclusion of any other depreciation

convention allowable under the Internal Revenue Code at

December 31, 1980 for property placed in service during the

current year.

Column C - Basis is to be determined at the date property is placed in

service and not as provided under the Internal Revenue Code

at December 31, 1980. It is not to be restated where ACRS

was accepted for certain property placed in service during

1981.

Column D - Depreciation allowable under the method adopted and

consistently applied for property described. Do not adjust for

the effect of any ACRS deducted on the New Jersey

Corporation Business Tax Return for property placed in service

during 1981.

Column E - Any method allowable under the Internal Revenue Code at

December 31, 1980.

Column F - Any life or rate permissible under the Internal Revenue Code at

December 31, 1980. (LIVES PERMISSIBLE UNDER THE IRS

CODE AT DECEMBER 31, 1980 FREQUENTLY DIFFER

FROM ACRS AND MACRS LIVES)

Column G - Consider any salvage value which was required to be

considered under Internal Revenue Code at December 31,

1980. Do not claim depreciation in the year of disposal.

Accumulated depreciation may not exceed accumulated ACRS

and MACRS deductions over the life of the property and

deductions for the final year or years are limited where ACRS

was deducted on the New Jersey return for property placed in

service during 1981.

INSTRUCTIONS

(F)

Life or rate

(E)

Method of

figuring

depreciation

(D)

Depreciation

allowable in earlier

years

(C)

Use Federal basis

(B)

Month, Day and

Year placed in

service*

(A)

Description of Property

Total Column G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

2009-C - Page 15

2009-C - Page 16

SCHEDULE S - PART II(B)

Special Depreciation Allowance - for assets placed in service during accounting periods beginning on and

after January 1, 2002, and for which federal 30% or 50% bonus depreciation or excess section 179

depreciation was taken.

(H)

N.J. Depreciation

Computations

Column A - Classify consistent with Internal Revenue Code.

Column B - Clearly segregate property placed in service during each year.

Column C - Basis is to be determined at the date property is placed in

service and not as provided after taking the 30% or 50% first-

year depreciation allowance.

Column D - State the amount of the 30% or 50% special depreciation

allowance taken for the first year the property was placed in

service.

Column E: Depreciation allowable under the method adopted and

consistently applied for property described. Do not adjust for

the effect of the 30% or 50% first-year bonus depreciation

allowance.

Column F - Use the same method that was used for Federal purposes.

Column G - Use the same life that was used for Federal purposes.

Column H - Figure the depreciation amount as if the 30% or 50% special

depreciation allowance was not in effect.

INSTRUCTIONS

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

(G)

Life or rate

(F)

Method of

figuring

depreciation

(D)

Special

Depreciation

Allowance

(E)

Depreciation

allowable in

earlier years

(C)

Use Federal basis

(B)

Month, Day

and Year

placed in

service*

(A)

Description of Property

Total Column H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

*Year placed in service acceptable for personal property only.

1. Total depreciation claimed in arriving at Schedule A, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. ________________________

2. Federal depreciation for assets placed in service after 1-1-98 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ________________________

3. Net (Subtract line 2 from line 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ________________________

4. New Jersey depreciation allowable on the Single Asset Account (Assets placed in service prior to 1-1-98)

(a) Total adjusted Federal depreciable basis as of 12-31-97 . . . . . a. _________________________

(b) Excess book depreciable basis over Federal tax basis

as of 12-31-97 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. _________________________

property sold, retired or disposed of to date . . . . . . . . . . . . . . . c. _________________________

(d) Total (line 4a plus line 4b less line 4c) . . . . . . . . . . . . . . . . . . . d. _________________________

5. New Jersey Depreciation (Divide line 4(d) by 30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. ________________________

6. New Jersey Adjustment

(a) Depreciation adjustment for assets placed in service prior to

1/1/98 (subtract line 5 from line 3) . . . . . . . . . . . . . . . . . . . . . . a. _________________________

(b) Special bonus depreciation adjustment from Schedule S,

Part I, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b._________________________

7. Total Adjustment (add lines 6(a) and 6(b)). Enter at line 32, Schedule A . . . . . . . . . . . . . . . . . . . . . 7. ________________________

SCHEDULE S - PART III

NEW JERSEY DEPRECIATION FOR GAS, ELECTRIC, AND GAS AND ELECTRIC PUBLIC UTILITIES

(See Instruction 45)

2009-C - Page 17

NAME AS SHOWN ON RETURN FEDERAL ID NUMBER

Corporation Name Federal ID Number

State of New Jersey

Division of Taxation

CERTIFICATION OF INACTIVITY

For the period beginning ____________________ , __________ and ending ____________________ , __________

SCHEDULE I

(NOTE: Attach this schedule to the taxpayer’s CBT-100 or CBT-100S, whichever is applicable)

I certify that during the period covered by the attached tax return, the above named taxpayer had no

business activities, no income, no assets, and, additionally in the case of a New Jersey S corporation,

made no distributions and did not have any change in ownership.

INSTRUCTIONS

In lieu of completing the entire CBT-100 or CBT-100S tax return, an inactive corporation may complete this

schedule and pages 1 through 4 of the CBT-100 or pages 1 through 5 of the CBT-100S in order to fulfill

its filing obligations with the State of New Jersey. An inactive corporation is a corporation that, during the

entire period covered by the tax return, did not conduct any business, did not have any income, receipts

or expenses, did not own any assets, and, additionally for New Jersey S corporations, did not make any

distributions and did not have any change in ownership.

This schedule and the applicable pages from the Corporation Business Tax return must be filed annually

by the taxpayer. Taxpayers must report the minimum tax liability, the surtax, and the installment payment

(if applicable) on page 1 of the Corporation Business Tax return and submit the balance due with the Form

CBT-100-V or Form CBT-100S-V, the Corporation Business Tax Payment Voucher.

Schedule I and page 1 of the Corporation Business Tax return must be signed by an officer of the

corporation who is authorized to attest to the truth of the statements contained therein.

Signature of Corporate Officer Title Date

2009-C - Page 18

CBT-100-V

2009

CORPORATION BUSINESS TAX—PAYMENT VOUCHER

For the period beginning _______________________, 20_____ and ending ____________________, 20_____

Federal Employer I.D. Number Corporation Number

Corporation Name

Mailing Address

City State Zip Code

Return this voucher with your payment.

Make checks payable to: State of New Jersey – CBT

Write the Federal ID number and tax year on the check.

Mail To: Corporation Business Tax

PO Box 666

Trenton, NJ 08646-0666

,, ,,

02209

Enter amount of payment here:

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2009 CBT-100-P STATE OF NEW JERSEY DEPARTMENT OF (The State of New Jersey)

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