New Jersey § 34:1b-115
Full text of New Jersey New Jersey Statutes § 34:1b-115, with citation guidance and answers to common questions.
§ 34:1b-115.
To qualify for a grant of tax credits pursuant to P.L.1996, c. 25 ( C.34:1B-112 et seq. ), a business shall demonstrate that the receipt of assistance pursuant to P.L.1996, c. 25, will be a material factor in the business' decision not to relocate outside of New
Jersey; provided however, that a business that relocates 1,500 or more retained full-time
jobs covered by a project agreement from outside of a designated urban center to one
or more new locations within a designated urban center shall not be required to make
such a demonstration if the business applies for a grant of tax credits within six
months of signing its lease or purchase agreement. A business that has had grant pre-application meetings with the authority and has
executed contracts relating to the new business location during the period commencing
May 1, 2010 until the enactment of P.L.2010, c. 123 shall not be deemed ineligible for the grant due to the material factor requirement.
Frequently Asked Questions About New Jersey § 34:1b-115
What does New Jersey Statutes § 34:1b-115 cover?
Section 34:1b-115 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-115?
A common citation format is "New Jersey Statutes § 34:1b-115" (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-115 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.