New Jersey § 18A:71C-37.1 Reimbursement payments for tax liability of participant.

New Jersey Statutes

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

New Jersey § 18A:71C-37.1

Title 18AEDUCATION

This text of New Jersey § 18A:71C-37.1 (Reimbursement payments for tax liability of participant.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 18A:71C-37.1 (2026).

Text

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.

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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.