New Jersey § 5:12-173
Full text of New Jersey New Jersey Statutes § 5:12-173, with citation guidance and answers to common questions.
§ 5:12-173.
a. Notwithstanding the provisions of any law, rule or regulation to the contrary,
all revenues received pursuant to the “Sales and Use Tax Act,” P.L.1966, c. 30 ( C.54:32B-1 et seq. ) from the taxation of construction materials used for building a district project
approved by the authority pursuant to a project grant agreement or for building a
district project sponsored by the authority, and from the taxation of retail sales
of tangible personal property and services originating from and delivered from business
locations in a district project approved by the authority pursuant to a project grant
agreement or from business locations in a district project sponsored by the authority,
shall be deposited immediately upon collection by the Department of the Treasury in
the project fund. Contractors purchasing materials and supplies for use in constructing a district
project shall complete a form or certification prescribed by the Director of the Division
of Taxation in the Department of the Treasury. The contractor shall identify the district project, materials, supplies, purchase
price and New Jersey sales or use tax paid and provide such other information and
receipts as the director may require. The forms or certificates shall be filed with the authority as documentation for
a report, which the authority shall provide to the Division of Revenue and the Division
of Taxation for revenue certification purposes. Approved casino licensees shall also provide to the authority, on a form prescribed
by the Director of the Division of Taxation, the sales tax collected from sales made
by vendors in a district project for each quarter. The authority shall provide a report to the Division of Revenue and Division of
Taxation in the Department of the Treasury for revenue certification purposes. b. The revenues required to be deposited in the project fund under subsection a. of
this section shall be used for the purposes of the project fund and for the uses prescribed
in section 7 of P.L.2001, c. 221 ( C.5:12-173.15 ).
Frequently Asked Questions About New Jersey § 5:12-173
What does New Jersey Statutes § 5:12-173 cover?
Section 5:12-173 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 § 5:12-173?
A common citation format is "New Jersey Statutes § 5:12-173" (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 § 5:12-173 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.