New Jersey § 34:1b-261
Full text of New Jersey New Jersey Statutes § 34:1b-261, with citation guidance and answers to common questions.
§ 34:1b-261.
a. (1) A business shall submit an application for tax credits to the authority prior
to July 1, 2019. If the business requests additional time to submit its application, the authority
shall have the discretion to grant one six-month extension of this deadline. A business shall submit its documentation indicating that it has met the capital
investment and employment requirements for the first phase, as specified in the incentive
agreement and the incentive phase agreement, for certification of its tax credit amount
within three years following the date of approval of its application by the authority. The authority shall have the discretion to grant two, one-year extensions of this
deadline. (2) Full-time employment for a tax period shall be determined as the average of the
monthly full-time employment for the tax period. b. In conducting its annual review, the authority may require a business to submit
any information determined by the authority to be necessary and relevant to its review.
Frequently Asked Questions About New Jersey § 34:1b-261
What does New Jersey Statutes § 34:1b-261 cover?
Section 34:1b-261 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-261?
A common citation format is "New Jersey Statutes § 34:1b-261" (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-261 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.