New Jersey Statutes 48:4-14.2. Payment in lieu of franchise taxes on autobusses by state to municipalities; annual certification of amount due
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Terms Used In New Jersey Statutes 48:4-14.2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
In order that no municipality shall suffer a loss in revenue due to the repeal of R.S. 48:4-14, the State shall annually remit to each municipality which received franchise taxes pursuant to said section an amount equal to that received by the municipality during the calendar year 1972, upon certification of said amount to the Director of the Division of Local Finance.
L.1972, c. 211, s. 7, eff. Dec. 31, 1972.