N.J.A.C. 18:7-3.17 - Tax Credits

Except in instances where the authorizing statute dictates that the tax credit be applied first, generally a taxpayer may use their tax credits and unexpired tax credit carryovers when applying their tax credits within the limitations specified by statute for each tax credit that the taxpayer earned, purchased, or was awarded. The expiration dates of tax credits and tax credit carryovers will be strictly enforced.