34:21-12 Ineligibility for certain employers to receive certain financial benefits.

193 words·~1 min read·/nj/title-34/chapter-21/34-21-12

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5. Notwithstanding any other provision of law, rule, or regulation to the contrary, an employer that is added to the list compiled and maintained by the commissioner pursuant to section 4 of this act shall be ineligible to receive any direct or indirect State grant, guaranteed loan, tax benefit, and any other financial support for the 36 months following the date upon which the employer is added to the list, except that the employer's inclusion on the list shall not prevent the employer from receiving any grant to provide training or other employment assistance to individuals who are members of specific groups selected as being in particular need of training or other employment assistance, including, but not limited to, employees of the employer whose employment is being affected due to the transfer or relocation of the employer's facility or operating unit, veterans, minority groups and women.

As used in this section, "tax benefit" means a tax advantage awarded by a State governmental entity that has the effect of reducing a taxpayer's liability under the "New Jersey Gross Income Tax Act," N.J.S.54A:1-1 et seq., or section 5 of P.L.1945, c.162 (C.54:10A-5).

L.2019, c.470, s.5.