New Jersey § 34:1b-7
Full text of New Jersey New Jersey Statutes § 34:1b-7, with citation guidance and answers to common questions.
§ 34:1b-7.
Notwithstanding the provisions of subsection b. of section 1 of P.L.1997, c. 334 ( C.34:1B-7.42a ) or the provisions of any other law, rule, or regulation to the contrary, the authority
shall be authorized to approve the transfer of no more than $30,000,000 of tax benefits
in State Fiscal Year 2011; provided however, that of the $30,000,000 of transferable
tax benefits authorized for State Fiscal Year 2011, $5,000,000 shall be allocated
by the authority for the surrender of transferable tax benefits exclusively by new
or expanding emerging technology and biotechnology companies that operate within the
boundaries of an innovation zone; provided further, that any portion of the $5,000,000
that is not so approved by the authority shall be available in State Fiscal Year 2011
for the surrender of transferable tax benefits by new or expanding emerging technology
and biotechnology companies that do not operate within the boundaries of an innovation
zone.
Frequently Asked Questions About New Jersey § 34:1b-7
What does New Jersey Statutes § 34:1b-7 cover?
Section 34:1b-7 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 34:1b-7?
A common citation format is "New Jersey Statutes § 34:1b-7" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 34:1b-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.