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Department of State

Business Assistance Programs

The Hon. Tahesha Way, Secretary

Manufacturing Business Assistance Programs

Manufacturing Equipment and Employment Investment Tax Credit Program

Available from the NJ Division of Taxation, the Manufacturing Equipment and Employment Investment Tax Credit provides a credit against corporation business tax liability for investments in certain manufacturing equipment and for certain increased employment. The manufacturing equipment portion of the credit is limited to 2 percent (4 percent for companies with 50 employees or less) of the net cost of qualified equipment up to a maximum allowed credit of $1 million. The employment investment portion of the credit is computed for each of the two succeeding years following the year a credit is allowed for the equipment investment. The tax credit in these years is limited to 3 percent of the net cost of qualified equipment, not to exceed $1,000 per job created directly related to the equipment.

www.state.nj.us/treasury/taxation/cbt-creditlist.shtml#Manufacturing

www.state.nj.us/treasury/taxation/pdf/current/cbt/305.pdf


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