34:1B-260 Total amount of tax credit.
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/nj/title-34/chapter-1b/34-1b-260·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
5. a. The total amount of the tax credit awarded for an eligible business for each new full-time job shall be $10,000 per year for 10 years. The total tax credit amount shall be calculated and credited to the business annually for each year of the eligibility period following the creation of the full-time job pursuant to the incentive phase agreements.
b. Following the enactment of P.L.2017, c.282 (C.34:1B-256 et seq.), there shall be no monetary cap on the value of credits approved by the authority attributable to the program.
L.2017, c.282, s.5.