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New Jersey Corporate Tax Exemption

 

STEPS TO APPLYING FOR TAX EXEMPTION IN NEW JERSEY

What kinds of tax exemptions are non-profit corporations in New Jersey eligible for?

Nonprofit corporations in New Jersey are eligible for state income tax exemption, sales and use tax exemption, and a petroleum products gross receipt tax exemption. Obtaining these exemptions, however, may first require being determined federally tax exempt by the IRS.

How do I receive a New Jersey state income tax exemption for my non-profit corporation?

For a nonprofit corporation in New Jersey to obtain a state corporate tax exemption, the nonprofit must submit to the Regulatory Services Branch of the New Jersey Division of Taxation the following items:

  • A copy of the nonprofit’s certificate of incorporation.
  • A copy of the nonprofit organization’s bylaws
  • An affidavit, signed by an officer of the corporation, which indicates that the nonprofit is not operated to make profit, that it is organized without capital stock, that it’s incorporated under the provisions of New Jersey law, and that it is not conducted for financial gain of any private shareholder or individual.

How does my nonprofit corporation apply for sales tax exemption in New Jersey?

To obtain an exemption from the New Jersey sales tax, a IRS 501(c)(3) determination letter.

How does my non-profit corporation apply for a petroleum products gross receipt tax exemption in New Jersey?

If the nonprofit organization already has a New Jersey sales tax exemption certificate, and a signed, one-year contract with a petroleum seller (this exemption does not apply to the excise tax on motor fuels), then the nonprofit corporation can apply for this exemption by completing form PPT-5, and submitting the completed form to the Division of Taxation.

Are there any fees required to apply for these tax exemptions?

No, there are no fees required to apply for New Jersey tax exemptions.

New Jersey Tax Resources:

Regulatory Services Branch
New Jersey Division of Taxation
PO Box 269 Trenton, NJ
08695-0269
Phone: 609-984-5739
NJ Division of Taxation

New Jersey Tax Info

This comprehensive guide to obtaining and maintaining 501c3 status from the IRS includes information on how to prepare your nonprofit to apply for 501c3 status, as well as information about the forms and fees required by the IRS.

This guide overviews and includes the special tax-exempt language a 501c3 nonprofit organization must include as part of its articles of incorporation. 

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