New Jersey § 52:27d-441

§ 52:27d-441.

a. The annual appropriations act for each State fiscal year commencing with fiscal

year 1998 shall appropriate and distribute during the fiscal year an amount not less

than $740,000,000 or the amount determined pursuant to subsection e. of section 2

of P.L.1997, c.167 ( C.52:27D-439 ) from the “Energy Tax Receipts Property Tax Relief Fund” pursuant to the provisions

of section 2 of P.L.1997, c.167 ( C.52:27D-439 ), for the purposes of that fund. b. If the provisions of subsection a. of this section are not met on the effective

date of an annual appropriations act for the State fiscal year, or if an amendment

or supplement to an annual appropriations act for the State fiscal year should violate

the provisions of subsection a. of this section, the Director of the Division of Budget

and Accounting in the Department of the Treasury shall, not later than five days after

the enactment of the annual appropriations act, or an amendment or supplement thereto,

that violates the provisions of subsection a. of this section, certify to the Director

of the Division of Taxation that the requirements of subsection a. of this section have not been met. c. The Director of the Division of Taxation shall, no later than five days after certification

by the Director of the Division of Budget and Accounting in the Department of the

Treasury pursuant to subsection b. of this section that the provisions of subsection

a. of this section have not been met or have been violated by an amendment or supplement

to the annual appropriations act, notify all taxpayers that have filed a return under

the Corporation Business Tax (1946), P.L.1945, c. 162 ( C.54:10A-1 et seq. ) during the previous calendar year, other than taxpayers that are gas, electric,

and gas and electric, or telecommunications public utilities as defined pursuant to

subsection (q) of section 4 of P.L.1945, c. 162 ( C.54:10A-4 ) pursuant to the amendment to that section 4 made in section 2 of P.L.1997, c. 162 , that the taxpayer shall have no liability pursuant to the provisions of P.L.1945,

c. 162 for any corporation business tax for the taxpayer's current privilege period,

notwithstanding any other provision of law to the contrary.