New Jersey Statutes 34:1B-115.1. Bonus awards to certain businesses
Terms Used In New Jersey Statutes 34:1B-115.1
- 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
b. In addition to any grant of tax credits determined pursuant to section 7 of P.L.2004, c.65 (C. 34:1B-115.3), and in addition to any bonus award pursuant to subsection a. of this section, a bonus award equivalent to 50% of the amount of the grant of tax credits pursuant to section 7 of P.L.2004, c.65 (C. 34:1B-115.3) shall be made to any business that makes a capital investment in an amount that is at least twice that of the total value of the grant of tax credits granted pursuant to section 7 of P.L.2004, c.65 (C. 34:1B-115.3) and the grant of tax credits pursuant to this subsection. A bonus award made pursuant to this subsection may be limited, so that when added to the tax credits granted pursuant to section 7 of P.L.2004, c.65 (C. 34:1B-115.3), the total amount shall not exceed 50% of the amount of the capital investment in this State.
L.2004, c.65, s.5; amended 2010, c.123, s.4.