New Jersey § 52:27d-437

§ 52:27d-437.

a. There shall be credited to the “Lead Hazard Control Assistance Fund,” established

pursuant to section 4 of P.L.2003, c. 311 ( C.52:27D-437.4 ), for each State fiscal year commencing on and after July 1, 2004, an amount equivalent

to the greater of $7,000,000 or the amount of revenue required to be set aside pursuant

to subsection b. of this section. b. There shall be set aside from the State revenue collected from the State tax imposed

under the “Sales and Use Tax Act,” pursuant to P.L.1966, c. 30 ( C.54:32B-1 et seq. ), as amended and supplemented, or any other subsequent law of similar effect, an

amount equal to the lesser of $0.50 or the tax imposed on every retail sale of a container

of paint, or other surface coating material, which shall include any pigmented, liquid

substance to be applied to surfaces by brush, roller, spray or other means, including

but not limited to, white base paint and colorants; provided, however, that the total

amount set aside pursuant to this section shall not exceed $14,000,000 annually. c. The Director of the Division of Taxation shall adopt, pursuant to the “Administrative

Procedure Act,” P.L.1968, c. 410 ( C.52:14B-1 et seq. ), rules and regulations necessary to implement the provisions of this section.