New Jersey § 5:12-177
Full text of New Jersey New Jersey Statutes § 5:12-177, with citation guidance and answers to common questions.
§ 5:12-177.
In lieu of buying the bonds of the Casino Reinvestment Development Authority or in
lieu of making a direct investment, the Casino Reinvestment Development Authority
may, in its sole discretion, permit a licensee to obtain an investment tax credit
by making a donation of money or realty to an eligible project, facility or program. For the purposes of applying this section, a donation shall be deemed to be an investment
and shall be subject to any provision of this 1984 amendatory and supplementary act
which is relevant to an investment. No donation shall qualify for investment tax credit unless it has been approved
and determined to be eligible for investment tax credit by the Casino Reinvestment
Development Authority prior to the making of the donation and provided that the granting
of the waiver to make the donation will not violate any agreement or covenant or impair
any financial obligation of the Casino Reinvestment Development Authority.
Frequently Asked Questions About New Jersey § 5:12-177
What does New Jersey Statutes § 5:12-177 cover?
Section 5:12-177 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 § 5:12-177?
A common citation format is "New Jersey Statutes § 5:12-177" (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 § 5:12-177 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.