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.
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.
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.