N.J.S.A. 18A:71C-37.1 — Reimbursement payments for tax liability of participant.

18A:71C-37.1 Reimbursement payments for tax liability of participant. 16. The executive director or his designee may, within the limits of available funds and in accordance with eligibility criteria determined by the executive director or his designee, make payments in a reasonable amount, as determined by the executive director or his designee, to reimburse a program participant for all or part of any increased tax liability incurred by the participant, pursuant to the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., which results from the redemption of eligible qualifying loan expenses under the program. L.2009, c.145, s.16.

This is the verbatim text of N.J.S.A. 18A:71C-37.1, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.