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 Tax Credit for Employer of Organ/Bone Marrow Donor?
A: Form 331 is a tax credit specifically for employers in New Jersey who provide paid leave to employees who donate their organs or bone marrow.

Q: Who is eligible to claim the tax credit?
A: Employers in New Jersey who provide paid leave to employees who donate their organs or bone marrow are eligible to claim the tax credit.

Q: How much is the tax credit?
A: The tax credit is equal to 25% of the wages paid to the employee during their leave for organ or bone marrow donation.

Q: How can an employer claim the tax credit?
A: To claim the tax credit, employers must complete and file Form 331 with the New Jersey Division of Taxation.

Q: Is there a deadline for filing Form 331?
A: Yes, employers must file Form 331 by April 15th of the year following the tax year in which the wages were paid.