New Jersey § 34:1B-115 Grant of tax credits; qualifications.

New Jersey Statutes

§ 34:1B-115 — Grant of tax credits; qualifications.

New Jersey § 34:1B-115

Title 34LABOR AND WORKMEN'S COMPENSATION

This text of New Jersey § 34:1B-115 (Grant of tax credits; qualifications.) 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. § 34:1B-115 (2026).

Text

4. a. To qualify for a grant of tax credits, a business shall enter into an agreement to undertake a project to:

(1)relocate or maintain a minimum of 50 retained full-time jobs from one or more locations within this State to a new business location or locations in this State; and (2) maintain the retained full-time jobs pursuant to the project agreement for the commitment duration. b. A project that consists solely of point-of-final-purchase retail facilities shall not be eligible for a grant of tax credits. If a project consists of both point-of-final-purchase retail facilities and non-retail facilities, only the portion of the project consisting of non-retail facilities shall be eligible for a grant of tax credits. If a warehouse facility is part of a point-of-final-purchase retail faci

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4. a. To qualify for a grant of tax credits, a business shall enter into an agreement to undertake a project to: (1) relocate or maintain a minimum of 50 retained full-time jobs from one or more locations within this State to a new business location or locations in this State; and (2) maintain the retained full-time jobs pursuant to the project agreement for the commitment duration. b. A project that consists solely of point-of-final-purchase retail facilities shall not be eligible for a grant of tax credits. If a project consists of both point-of-final-purchase retail facilities and non-retail facilities, only the portion of the project consisting of non-retail facilities shall be eligible for a grant of tax credits. If a warehouse facility is part of a point-of-final-purchase retail facility and supplies only that facility, the warehouse facility shall not be eligible for a grant of tax credits. For the purposes of this section, catalog distribution centers shall not be considered point-of-final-purchase retail facilities. L.1996, c.25, s.4; amended 2004, c.65, s.4; 2007, c.310, s.1; 2010, c.123, s.3.