Official Site of The State of New Jersey

The State of NJ site may contain optional links, information, services and/or content from other websites operated by third parties that are provided as a convenience, such as Google™ Translate. Google™ Translate is an online service for which the user pays nothing to obtain a purported language translation. The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. -Read Full Disclaimer close

Division of Taxation

Beginning at noon on Friday, March 10, 2023, our Contact Us email options will be suspended due to system upgrades. Upgrades are expected to be completed by 8:00 a.m. Tuesday, March 14, 2023

--> If you are receiving an error message when attempting to file or pay online please allow 24 hours and try again.
We apologize for the inconvenience.

Our Trenton Regional Information Center is temporarily closed. Please check our website for updates when it will reopen.

Notice Corporation Business Tax Gross Income Tax

On January 31, 2013, Governor Chris Christie signed into law the “New Jersey Angel Investor Tax Credit Act,” which is intended to encourage investment in New Jersey emerging technology businesses. Such businesses include advanced computing, advanced materials, biotechnology, electronic device technology, information technology, life sciences, medical device technology, mobile communications technology and renewable energy technology.

The new law provides for a tax credit of up to 10 percent of the angel investors' qualified investment in New Jersey emerging technology companies with fewer than 225 employees, where at least 75 percent of those positions are located in New Jersey. The State will refund the excess credit to an individual taxpayer. A corporate taxpayer can choose to either receive a refund of the excess credit or carry over the excess credit for 15 years.

Under the Act, credits will be provided against corporation business tax and gross income tax for investments in New Jersey emerging technology businesses for privilege periods or taxable years beginning on or after January 1, 2012.

The New Jersey Economic Development Authority in consultation with the Director of the Division of Taxation will approve taxpayer applications for the credit. There is a $25 million cap annually on all credits that the Economic Development Authority will approve and the credits are limited to $500,000 per investment.