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The NJ Division of Taxation recently released Technical Bulletin 85 (TB-85), which provides guidance on how the Division will treat Global Intangible Low-Taxed Income (GILTI) and Foreign Derived Intangible Income (FDII), under New Jersey’s Corporation Business Tax (CBT).  Specifically all CBT taxpayers, filing a CBT-100 or BFC-1, will calculate the portion of GILTI and FDII that is subject to New Jersey tax based on a separate special accounting method, “equal to the ratio of New Jersey’s gross domestic product (GDP) over the total GDP of every US state (and the District of Columbia) in which the taxpayer has economic nexus.”  For a copy of TB-85, please click here.

Based on the release of this Technical Bulletin, we are soliciting feedback on the impact that the guidance may have on NJBIA members. To submit any feedback or comments you have, please reach out to me at

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