N.J.S.A. 48:4-14.2

Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due

48:4-14.2. Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due In order that no municipality shall suffer a loss in revenue due to the repeal of R.S. 48:4-14, the State shall annually remit to each municipality which received franchise taxes pursuant to said section an amount equal to that received by the municipality during the calendar year 1972, upon certification of said amount to the Director of the Division of Local Finance. L.1972, c. 211, s. 7, eff. Dec. 31, 1972.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 48:4-14.2, 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.

N.J.S.A. 48:4-14.2 — Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due | Kyzer