New Jersey § 48:4-14.2 Payment in lieu of franchise taxes on autobusses by state to municipalities;  annual certification of amount due

New Jersey Statutes

§ 48:4-14.2 — Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due

New Jersey § 48:4-14.2

Title 48PUBLIC UTILITIES

This text of New Jersey § 48:4-14.2 (Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due) 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. § 48:4-14.2 (2026).

Text

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.

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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.