New Jersey § 34:1b-118
Full text of New Jersey New Jersey Statutes § 34:1b-118, with citation guidance and answers to common questions.
§ 34:1b-118.
a. A business that is receiving a business employment incentive grant pursuant to
the provisions of P.L.1996, c. 26 ( C.34:1B-124 et al.) shall not be eligible to receive a grant of tax credits under P.L.1996, c. 25 ( C.34:1B-112 et seq. ) with respect to a job which is included in the calculation of a grant pursuant to P.L.1996, c. 26 . b. A business that is receiving any other grant by operation of State law shall be
eligible to receive a grant of tax credits under P.L.1996, c. 25 ( C.34:1B-112 et seq. ); provided, however, that a business that is receiving another State grant shall
not be eligible to receive assistance with respect to any job that is currently the
subject of any other State grant, except for grants from the Office of Customized
Training pursuant to the “1992 New Jersey Employment and Workforce Development Act,” P.L.1992, c. 43 ( C.34:15D-1 et seq. ), and provided further that a business shall not receive an amount as a grant of
tax credits pursuant to P.L.1996, c. 25 ( C.34:1B-112 et seq. ) unless the State will realize a net positive benefit from the grant of tax credits
and resultant retention of full-time jobs and any capital investment when combined with such other grants, except upon the approval of the State Treasurer. Amounts received as grants from the Office of Customized Training pursuant to the
“1992 New Jersey Employment and Workforce Development Act,” P.L.1992, c. 43 ( C.34:15D-1 et seq. ), shall be excluded from the calculation of the total amount permitted under this
subsection.
Frequently Asked Questions About New Jersey § 34:1b-118
What does New Jersey Statutes § 34:1b-118 cover?
Section 34:1b-118 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-118?
A common citation format is "New Jersey Statutes § 34:1b-118" (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-118 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.