Form 322 Wind Energy Facility Tax Credit - New Jersey

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Form 322 Wind Energy Facility Tax Credit - New Jersey

What Is Form 322?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 322?
A: Form 322 is a tax form used in New Jersey for claiming the Wind Energy Facility Tax Credit.

Q: Who is eligible for the Wind Energy Facility Tax Credit?
A: Eligible entities include owners of wind energy facilities in New Jersey.

Q: What is the purpose of the Wind Energy Facility Tax Credit?
A: The tax credit encourages the development of wind energy facilities in the state.

Q: How much is the Wind Energy Facility Tax Credit?
A: The tax credit is equal to $0.04 per kilowatt-hour of electricity generated by the wind energy facility.

Q: How can I claim the Wind Energy Facility Tax Credit?
A: You need to complete and file Form 322 with the New Jersey Division of Taxation.

Q: Are there any deadlines for filing Form 322?
A: Yes, Form 322 must be filed by January 31 of the year following the year in which the wind energy facility was placed in service.

Q: Can the tax credit be carried forward?
A: Yes, any unused tax credit can be carried forward for up to 10 years.

Q: Can the Wind Energy Facility Tax Credit be transferred?
A: No, the tax credit cannot be transferred or sold to another entity.

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Form Details:

  • Released on July 1, 2017;
  • The latest edition provided by the New Jersey Department of the Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of Form 322 by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.

Download Form 322 Wind Energy Facility Tax Credit - New Jersey

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