Form 320 Grow New Jersey Assistance Tax Credit - New Jersey

What Is Form 320?

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 the Form 320 Grow New Jersey Assistance Tax Credit?A: The Form 320 Grow New Jersey Assistance Tax Credit is a tax credit available in the state of New Jersey to businesses that create or retain jobs in certain designated areas.

Q: How can businesses qualify for the Grow New Jersey Assistance Tax Credit?A: Businesses can qualify for the Grow New Jersey Assistance Tax Credit by creating or retaining a certain number of full-time jobs, meeting wage requirements, and making certain capital investments in designated areas.

Q: What are the benefits of the Grow New Jersey Assistance Tax Credit?A: The benefits of the Grow New Jersey Assistance Tax Credit include a tax credit of up to $5,000 per job created or retained, credits against the corporation business tax and the gross income tax, and the ability to carry over unused credits for up to 20 years.

Q: How can businesses apply for the Grow New Jersey Assistance Tax Credit?A: Businesses can apply for the Grow New Jersey Assistance Tax Credit by completing and submitting Form 320 to the New Jersey Economic Development Authority.

Q: Is there a deadline for applying for the Grow New Jersey Assistance Tax Credit?A: Yes, there is a deadline for applying for the Grow New Jersey Assistance Tax Credit. The deadline is typically December 31st of the calendar year in which the credit is being sought.