Form 331 Tax Credit for Employer of Organ / Bone Marrow Donor - New Jersey

What Is Form 331?

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 331?
A: Form 331 is a tax credit form in New Jersey.

Q: What is the purpose of Form 331?
A: The purpose of Form 331 is to claim a tax credit for employers who hire and continue to employ an organ or bone marrow donor.

Q: Who can use Form 331?
A: Form 331 can be used by employers in New Jersey.

Q: What is the tax credit amount for employers?
A: The tax credit amount for employers is up to $10,000 per qualifying employee per year.

Q: What is considered a qualifying employee for the tax credit?
A: A qualifying employee for the tax credit is an individual who is an organ or bone marrow donor and is employed by the employer.

Q: How long can employers claim the tax credit?
A: Employers can claim the tax credit for up to five consecutive tax years.