New Jersey § 55:19-13

§ 55:19-13.

Any person, firm or corporation actively engaged in the conduct of business at a location

within a project, as defined in this act, which is subject to the provisions of the

“Corporation Business Tax Act (1945),” P.L.1945, c. 162 ( C.54:10A-1 et seq. ), and the business of which at that location consists primarily of manufacturing

or other business that is not retail sales or warehousing oriented, shall, for a period

of two years from the date upon which an agreement for the undertaking of the project

was entered into pursuant to section 8 or 9 of this act, 1 be entitled to an annual credit against the amount of tax imposed under that act

of $1,500.00 for each new employee employed at that location who is a resident of

the qualified municipality and who immediately prior to such employment was unemployed

at least 90 days or was dependent upon public assistance as the primary source of

income. A credit for which an employer taxpayer qualifies under this section shall be allowed

in the tax year next following the tax year of qualification, and may be continued

into a second tax year if such qualification continues, but it shall be allowed only

for those new employees who were employed for at least six consecutive months by the

employer taxpayer in the year of qualification. 1

N.J.S.A. § 55:19-8 or 55:19-9.