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New Jersey Free Printable Form 317 Sheltered Workshop Tax Credit for 2024 New Jersey Sheltered Workshop Tax Credit

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Sheltered Workshop Tax Credit
Form 317 Sheltered Workshop Tax Credit

FORM 317 New Jersey Corporation Business Tax Sheltered Workshop Tax Credit 2023 Name as Shown on Return Federal ID Number Unitary ID Number, if applicable NU Read the instructions before completing this form Combined Return Filers The taxpayer is included as a taxable member on a New Jersey combined return. See instructions. Fill in oval if member is not sharing its credit with other members of the group. Part I Qualifications 1. Is each employee for which a credit is claimed a “Qualified Person” in accordance with P.L. 2005, c. 318?........................................................................................................................................................ YES NO 2. Did each employee for which a credit is claimed work for at least 26 weeks during the tax year and work at least 25 hours per week at or under the supervision of a sheltered workshop?..................................... YES NO Note: Part II If the answer to either question 1 or 2 is “NO,” do not complete the rest of this form. The taxpayer does not qualify for this tax credit. Otherwise, go to Part II. Calculation of the Available Credit (A) Social Security Number (B) Name (C) Total Wages (D) 20% of Column C – Max $1,000 3. 4. 5. 6. 7. Total of column D............................................................................................................................... 8. Sheltered Workshop Tax Credit carried over from prior year............................................................ 9. Total credit available (add lines 7 and 8)........................................................................................... Part III Calculation of the Allowable Credit Amount and Carryover (Combined return filers DO NOT complete Part III. Continue with Part IV.) 10. Enter tax liability from page 1, line 2a of CBT-100 or CBT-100S.............................................. 10. 11. Enter the required minimum tax liability (see instructions)............................................................. 11. 12. Subtract line 11 from line 10...................................................................................................... 12. 13. Enter 50% of the tax liability reported on line 10....................................................................... 13. 14. Enter the lesser of line 12 or line 13.......................................................................................... 14. 15. Other tax credits used by taxpayer on current year’s return (see instructions): (a) (b) (c) (d) ...............................Total 15. 16. Subtract line 15 from line 14. If zero or less, enter zero............................................................ 16. 17. Allowable credit for the current tax period. Enter the lesser of line 9 or 16 here and on Schedule A-3, Part I of the CBT-100 or CBT-100S................................................................... 17. 18. Amount of credit carryover to following year’s return (subtract line 17 from line 9)................... 18. Name as Shown on Return Part IV Federal ID Number Unitary ID Number, if applicable NU Calculation of Allowable Credit Amount and Carryover – Combined Return Filers ONLY Section A – ALL Combined Return Filers 19. Enter the group tax liability from Schedule A, Section II, Part III, line 4a, column (c) of CBT-100U.... 19. 20. Enter the aggregate minimum tax of combined group members (see instructions)................................. 20. 21. Subtract line 20 from line 19................................................................................................................ 21. 22. Enter 50% of the tax liability reported on line 19................................................................................. 22. 23. Enter the lesser of line 21 or line 22.................................................................................................... 23. 24. Other tax credits used by combined group on current year’s return (see instructions): (a) (b) (c) (d) .......................................Total 24. 25. Subtract line 24 from line 23. If zero or less, enter zero...................................................................... 25. 26. Allowable credit for the current tax period. Enter the lesser of line 9 or line 25. If sharing, also enter in the member’s column of Schedule A-3, Part I of the CBT-100U............................................ 26. If SHARING credit, complete line 27. If NOT sharing credit, skip line 27 and complete Section B. 27. Amount of credit carryover to following year’s return (subtract line 26 from line 9)............................. 27. Section B – Combined Return Filers NOT Sharing Credit 28. a) Enter combined group tax liability from line 19............................. 28a. b) Divide line 28a by the combined group allocation factor from Schedule J, line 9......................................................................... 28b. c) Member’s share of combined group tax liability – Multiply line 28b by member’s allocation factor from Schedule J, line 9................................................................................................................... 28c. 29. Required minimum tax liability............................................................................................................. 29. 30. Subtract line 29 from line 28c.............................................................................................................. 30. 31. Enter 50% of the tax liability reported on line 28c............................................................................... 31. 32. Enter the lesser of line 30 or line 31.................................................................................................... 32. 33. Other tax credits used by taxpayer on current year’s return (see instructions): (a) (b) (c) (d) ........................................Total 33. 34. Subtract line 33 from line 32. If zero or less, enter zero...................................................................... 34. 35. Allowable credit for the current tax period. Enter the lesser of line 26 or line 34 here and in the member’s column of Schedule A-3, Part I of the CBT-100U............................................................... 35. 36. Amount of credit carryover to following year’s return (subtract line 35 from line 9)............................. 36. 2,000 Instructions for Form 317 Sheltered Workshop Tax Credit This form must be completed by any taxpayer claiming a Sheltered Workshop Tax Credit and/or credit carryover as provided for in P.L. 2005, c.318. In general, a tax credit is allowed in an amount equal to 20% of the salary and wages paid by the taxpayer during the tax year for the employment of a qualified person but cannot exceed $1,000 for each qualified person for the tax year. If the taxpayer claims this credit on Form CBT-100, CBT-100U, or CBT-100S, a completed Form 317 must be included with the return to validate the claim. Parts III and IV are used to calculate the allowable credit and carryover. Taxpayers filing Forms CBT-100 or CBT-100S complete Part III and CBT-100U filers complete Part IV. Note: Only complete the applicable lines from Parts II–IV where the full amount of the Sheltered Workshop Tax Credit claimed on the current return is the result of a Sheltered Workshop Tax Credit carried forward from a previous tax year. The amount of the tax credit that cannot be applied to the current tax period due to the applicable limitations can be carried over to the seven tax years following the tax year for which the credit was allowed. Definitions: Qualified Person means an extended employee, within the meaning of that term as set forth in section 2 of P.L.1971, c.272 (C.34:1640), to whom the Commissioner of the Department of Labor and Workforce Development, under subsection (b) of section 18 of P.L.1966, c.113(C.34:11-56a17) shall have issued a special license authorizing employment at wages less than the minimum wage rate, and who, for at least 26 weeks during the tax year, shall have performed at least 25 hours per week of work at or under the supervision of a sheltered workshop pursuant to a contract between the taxpayer and the sheltered workshop. Sheltered Workshop means an occupation-oriented facility operated by a nonprofit agency with which the Division of Vocational Rehabilitation Services in the Department of Labor and Workforce Development shall have entered into a contract under section 4 of P.L.1971, c.272 (C.34:16-42) to furnish extended employment programs to eligible individuals. Combined Return Filers If filing a combined return, the form must be completed by the member that earned the credit. All combined return filers must check the combined return filers box at the top of the form and complete Part IV, Section A. Members Opting Not to Share. In general, tax credits are earned by a member of the combined group and are shareable with the combined group. However, members are not required to share their credits. See N.J.S.A. 54:10A-4.6.i and TB-90(R), Tax Credits and Combined Returns. In addition to Section A, members that choose not to share must also complete Part IV, Section B and fill in the oval at the top of the form to indicate they are not sharing the credit. Taxpayers must include the appropriate credit form in the year the credit was earned even if they are not claiming the credit on their tax return. Part I – Qualifications The answer to both questions must be “YES.” If the answer to either question is “NO,” the taxpayer is not entitled to the Sheltered Workshop Tax Credit. Part II – Calculations of the Available Credit Enter the information in columns A through D for each qualified person for which a tax credit is claimed. Enter in column D the lesser of 20% of the amount in column C or $1,000. Include a schedule if additional entries must be made. Part III – Calculation of the Allowable Credit Amount and Carryover (for CBT-100 and CBT-100S Filers only) For CBT-100 and CBT-100S filers, the allowable Sheltered Workshop Tax Credit for the current tax period is calculated in Part III. Combined return filers do not complete Part III, and must complete Part IV instead. The amount of this credit in addition to the amount of any other tax credits taken is limited to 50% of the taxpayer’s total tax liability and cannot exceed an amount that would reduce the total tax liability below the statutory minimum. Line 11 – The minimum tax is assessed based on the New Jersey Gross Receipts as follows: New Jersey Gross Receipts Less than $100,000 CBT-100 CBT-100S $500 $375 $100,000 or more but less than $250,000 $750 $562 $250,000 or more but less than $500,000 $1,000 $750 $500,000 or more but less than $1,000,000 $1,500 $1,125 $1,000,000 or more $2,000 $1,500 If a taxpayer is filing a separate return and is a member of an affiliated or controlled group that has a total payroll of $5,000,000 or more for the return period, the minimum tax is $2,000. Tax periods of less than 12 months are subject to the higher minimum tax if the prorated total payroll exceeds $416,667 per month. Line 15 – Taxpayers claiming multiple credits must list any credits already applied to the tax liability to ensure accuracy of the calculation for maximum credit allowable. Part IV – Calculation of the Allowable Credit Amount and Carryover for Combined Return Filers For CBT-100U filers, the allowable Sheltered Workshop Tax Credit for the current year is calculated in Part IV. All combined return filers must complete Section A. Members that choose not to share their credit must also complete Section B. Section A – To be completed by ALL combined return filers This section calculates the amount of credit allowable for the group. If a member chooses not to share their credit with the group, Section A must still be completed to ensure the credit allowed for the member does not exceed the amount that would otherwise be allowed against the group tax liability. The amount of the credit calculated in this section cannot exceed 50% of the group tax liability otherwise due and cannot reduce the tax liability to an amount less than the aggregate statutory minimum tax of the group members. Line 20 – Multiply the number of taxable group members by $2,000 and enter the result. Line 24 – Combined groups claiming multiple credits must list any credits already applied to the group tax liability to ensure accuracy of the calculation for maximum credit allowable. Section B This section is used to calculate the amount of credit allowable for members that choose not to share their credit with the group. Section B is completed based on the member’s share of the group tax liability. The amount of the credit calculated in this section cannot exceed 50% of the member’s tax liability otherwise due and cannot reduce the tax liability to an amount less than $2,000. The amount of the credit is also limited to the amount that would otherwise be allowed against the group tax liability if the member had been sharing the credit. Line 33 – Members claiming multiple credits must list any credits already applied to the member’s tax liability to ensure accuracy of the calculation for maximum credit allowable.
Extracted from PDF file 2023-new-jersey-form-317.pdf, last modified October 2023

More about the New Jersey Form 317 Corporate Income Tax Tax Credit TY 2023

We last updated the Sheltered Workshop Tax Credit in January 2024, so this is the latest version of Form 317, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 317 directly from TaxFormFinder. You can print other New Jersey tax forms here.


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Related New Jersey Corporate Income Tax Forms:

TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the New Jersey Form 317.

Form Code Form Name
Form GIT-317 Sheltered Workshop Tax Credit

Download all NJ tax forms View all 96 New Jersey Income Tax Forms


Form Sources:

New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form 317 from the Division of Revenue in January 2024.

Show Sources >

Form 317 is a New Jersey Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New Jersey Form 317

We have a total of thirteen past-year versions of Form 317 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 317

Form 317 Sheltered Workshop Tax Credit

2022 Form 317

Form 317 Sheltered Workshop Tax Credit

2021 Form 317

2021 Sheltered Workshop Tax Credit

2020 Form 317

Form 317 Sheltered Workshop Tax Credit

2018 Form 317

Form 317 - Sheltered Workshop Tax Credit 2018

2017 Form 317

Form 317 - Sheltered Workshop Tax Credit

2016 Form 317

Form 317 - Sheltered Workshop Tax Credit

Form 317 -  Sheltered Workshop Tax Credit 2015 Form 317

Form 317 - Sheltered Workshop Tax Credit

Form 317 -  Sheltered Workshop Tax Credit 2014 Form 317

Form 317 - Sheltered Workshop Tax Credit

NJ CBT Form 317 - SHELTERED WORKSHOP TAX CREDIT 2013 Form 317

NJ CBT Form 317

NJ CBT Form 317 - SHELTERED WORKSHOP TAX CREDIT 2012 Form 317

NJ CBT Form 317


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