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Division of Taxation

Changes to the Corporation Business Tax Act

P.L. 2018, c. 48, and P.L. 2018, c. 131 made significant changes to the Corporation Business Tax Act. P.L. 2020, c. 118, which was signed into law on November 4, 2020, also made a series of technical corrections, clarifications, and changes. The Division is in the process drafting information regarding these changes. Information will continue to be posted as it becomes available.

Revision to Division Policy on Combined Groups and PL 86 272

Notice: CBT Standardized Return for Certain Filers

Filing Information for 2020 Forms
Publications and Notices
Publication Name
Notice CBT Returns - Income Excluded Pursuant to a Tax Treaty
Notice Revision to Division Policy on Combined Groups
Notice Short Period Returns in the Context of Combined Reporting
TB-103 Initial Guidance on New Jersey's Conformity to IRC Section 1502 for Combined Returns
TB-102(R) Net Operating Losses (NOLs) and Post Allocation Net Operating Losses (PNOLs) with Certain Mergers & Acquisitions 
TB-101 Income Reporting and Accounting Methods of Non-U.S. Corporations Members of a Combined Group

The Combined Group as a Taxpayer under the Corporation Business Tax Act

TB-99 Income Reporting and Returns for Banking Corporations for Privilege Periods Ending on and after July 31, 2020
TB-98(R)  Federal Return and the Forms and Schedules to Include with the Corporation Business Tax Return Pursuant to P.L. 2020, C. 118

The World-Wide and Affiliated Group Elections for 2019/2020 CBT-100U Returns

TB-97 Changes and Corrections to the Corporation Business Tax and Other Taxes/Fees Pursuant to P.L. 2020, C. 118
TB-96 Net Deferred Tax Liability Deduction and Combined Returns
TB-95 Net Operating Losses and Combined Groups
TB-94(R) General Information on the New Net Operating Loss Regime for Tax Years Ending on and After July 31, 2019
TB-93 The Unitary Business Principle and Combined Returns
TB-92(R) Sourcing IRC §951A (GILTI) and IRC §250 (FDII)
TB-91 Banking Corporations and Combined Returns
TB-90(R) Tax Credits and Combined Returns
TB-89(R) Combined Group Filing Methods
TB-88 Combined Groups: Exclusion of Double Inclusion of GILTI and Treatment of Related Party Addbacks
TB-87(R) Initial Guidance for Corporation Business Tax Filers and the IRC § 163(j) Limitation
TB-86(R) Included and Excluded Business Entities in a Combined Group and the Minimum Tax of a Taxpayer That is a Member of a Combined Group
TB-85 Tax Conformity to IRC §951A (GILTI) and IRC §250 (FDII)
TB-84(R) Changes to the New Jersey Corporation Business Tax
TB-80 Addback of Other States Taxes
Notice Federal Tax Cuts and Jobs Act (TCJA) ? Opportunity Zones
TB-79(R) Nexus for Corporation Business Tax
TAM–2015-1(R) New Jersey Tax Treatment of Virtual Currency
LR: 2012-5-CBT Sourcing of income received from issuing and selling of stored value cards, gift cards, gift certificates and similar items for apportionment purposes
TAM 2011-13R Add Back of Related Member Interest Expense
TAM-2012-1 Intercompany Transfer Pricing and Advanced Pricing Agreements
TAM 2011-22 International Affiliate Transactions Involving Intangibles and Intellectual Property
TAM 2011-6 Foreign Corporations Subject to Tax

File and Pay

All Corporation Business Tax returns and payments must be made electronically (see Efile Mandate).

Forms and instructions are available online for informational purposes.

Form Name
CBT-100 Corporation Business Tax Return
CBT-100U - Combined Filer Returns must be filed electronically. A copy of the instructions can be found online at Corporation Business Tax Combined Form Instructions.
CBT-100S Corporation Business Tax Return
BFC-1 Corporation Business Tax Return for Banking and Financial Institutions
Archived Filing Information
  • 30-Day Penalty Relief. An automatic 30-day extension has been provided for filing Corporation Business Tax returns with an original due date of October 15, 2019.
  • NOTICE: Reporting FDII on Schedule A.
  • Notice: 2018 Schedule A-4 of CBT-100 and BFC-1 Correction. Line number references to Schedule PT were corrected on Schedule A-4.
  • New Form CBT-100-R. Information about a short-period tax return for accounting periods that begin on or after January 1, 2018, and end before July 31, 2018.
  • Net Operating Loss Conversion Worksheet 500-P. A new worksheet for converting the net operating loss subtraction calculation from a pre-allocation to post-allocation basis will be available in the 2018 Corporation Business Tax Return.
  • Extensions. Form CBT-100 and CBT-100S filers, with a return due date of November 2018, or December 2018, or January 2019, may qualify for an extension.
  • Surtax Information. General information about the Corporation Business Tax surtax.



The Corporation Business Tax Special Adoption Regulations have been finalized and were sent to the Office of Administrative Law (OAL) on April 8 for publication in the NJ Register on May 4, 2020. Note that these regulations were immediately effective on April 8, 2020.

Last Updated: Friday, 05/27/22