Division of TaxationA new, simplified, standardized return is being created for combined groups, banking corporations, financial services corporations and separate return filers to replace the CBT-100U, BFC-1, and CBT-100 returns they currently file. However, implementation of the new form may be delayed until Tax Year 2024 due to the combination of significant changes to Corporation Business Tax reporting and administration over the last several years, coupled with technical challenges. The Division of Taxation and the Division of Revenue and Enterprise Services are committed to providing the best modernized and standardized return for these entities as quickly as possible. Continue to check this site for updates.