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Division of Taxation

BFC-1 Returns Being Replaced with Form CBT-100

Form BFC-1 is being discontinued. For privilege periods ending on and after July 31, 2023, banking corporations and financial business corporations that are separate filers will use Form CBT-100 to file their returns. This also means that BFC-1 filers are now subject to the electronic filing requirements for all tax filings and payments.

Banking corporations and financial business corporations that are members of a combined group are required to be included as a member reported on the CBT-100U, ever since the enactment of mandatory unitary combined reporting. The discontinuation of Form BFC-1 does not impact combined filers.


Last Updated: Monday, 04/24/23