Hello JA Customer,
A capital expenditure is incurred when a business spends money either to buy fixed assets or to add to the value of an existing fixed asset with a useful life that extends beyond the taxable year. A capital expenditure is not strictly determined by the purchase price paid for an asset or item. This concept is true in NJ and in any other state.
If there is a credit or something else in particular that you are inquiring about which is specific to the state of NJ, please let us know those details.
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