New Jersey Statutes 54:30A-115. Definitions relative to uniform transitional utility assessment
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Terms Used In New Jersey Statutes 54:30A-115
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
51. As used in this act, unless the context requires otherwise:
“Annual assessment” means the assessment made against each remitter in any year;
“Base year” means calendar year 1996;
“Remitter” means any corporation subject to assessment under this act; and
“Sales and use tax” means the sales and use tax liability computed on sales and use of energy and utility service as defined in section 2 of P.L.1966, c.30 (C. 54:32B-2).
L.1997,c.162,s.51.