N.J.S.A. 34:1B-123 — Appropriation capped by retained tax revenue.

34:1B-123 Appropriation capped by retained tax revenue. 12. There is appropriated to the New Jersey Commerce and Economic Growth Commission from the General Fund such sums as may be necessary, as certified by the commissioner and the Director of the Division of Budget and Accounting, to fund business retention and relocation grants of tax credits made under P.L.1996, c.25 (C.34:1B-112 et seq.), the amount of which shall not exceed the retained State tax revenues as defined in section 2 of P.L.1996, c.25 (C.34:1B-113). L.1996,c.25,s.12; amended 2004, c.65, s.16. 34:1B-124. Short title 1. Sections 1 through 17 of this act shall be known and may be cited as the "Business Employment Incentive Program Act." L.1996,c.26,s.1.

This is the verbatim text of N.J.S.A. 34:1B-123, 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.