New Jersey

Corporate income tax

Corporation Business Tax (CBT). For privilege periods ending on/after July 31, 2020 (P.L. 2020, c.118) the NJ return and payment are due the 15th day of the month following the month in which the federal corporate return is originally due (30 days after the federal due date). Rates: 9% over $100k ENI, 7.5% $50k-$100k, 6.5% $50k or less; minimum tax $500-$2,000 by NJ gross receipts.

Extension. Six-month extension to FILE only via Form CBT-200-T, granted only if at least 90% of the tax liability is paid by the original due date; no...

Partnerships and S corporations

Pass-Through Business Alternative Income Tax (BAIT/PTE): elective entity-level tax for partnerships, S corps and multi-member LLCs with at least one individual/estate/trust member; election and Form PTE-100 due by the original due date, March 15 for calendar-year filers; annual election; six-month extension via PTE-200-T with 80% paid; quarterly estimates (PTE-150) if liability exceeds $400; rates 5.675% to 10.9%; members get a refundable credit. Partnerships with more than two owners and NJ-source income also owe a $150-per-owner filing fee (cap $250,000) plus a 50% installment toward next year, both due with NJ-1065 by the 15th day of the 4th month.

Sales and Use Tax, statewide rate 6.625%

Due date. Quarterly return (Form ST-50) due on or before the 20th day of the month following the end of the calendar quarter (Apr 20, Jul 20, Oct 20, Jan 20); monthly remittance (ST-51) for the 1st and 2nd months of a quarter due the 20th of the following month. Next business day if the 20th falls on a weekend/holiday.

Filing frequency. All registered sellers file quarterly ST-50 returns (even with no tax due). Sellers that collected more than $30,000 in NJ sales and use tax in the prior calendar year must additionally remit monthly (ST-51) for the first and second months of each quarter when the tax due for that month exceeds $500.

Thresholds. Monthly remittance: > $30,000 collected in preceding calendar year AND > $500 due for the month. Economic nexus for remote sellers: > $100,000 NJ gross revenue or 200+ transactions.

Prepayments. No separate prepayment program found; the accelerated schedule is the ST-51 monthly remittance for large filers described above.

Notes

CBT-100 due date rule changed for privilege periods ending on/after 7/31/2020 (now May 15 for calendar-year C corps; CBT-100S unchanged at April 15). Change effective 2024+: 2.5% Corporate Transit Fee on taxable net income over $10M for 2024-2028 (P.L. 2024, c.20); the prior 2.5% surtax expired after 2023. Estimated CBT installments due 15th day of 4th/6th/9th/12th months when liability exceeds $500.