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New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 18A-263

Current as of January 01, 2024 | Updated by Findlaw Staff

a. The Director of the Division of Taxation in the Department of the Treasury may purchase unused tax credits awarded under a program listed in subsection b. of this section, including tax credit transfer certificates issued by the director in lieu of a tax credit allowed under such programs. The director shall not pay consideration in excess of 75 percent of the credit amount to be purchased, except for a credit awarded under the “Emerge Program Act,” sections 68 through 81 of P.L.2020, c. 156 (C.34:1B-336 et al.), which shall be subject to the provisions of paragraph (4) of subsection d. of section 77 of P.L.2020, c. 156 (C.34:1B-345).

b. The Director of the Division of Taxation in the Department of the Treasury may purchase tax credits awarded under the following:

(1) the “Historic Property Reinvestment Act,” sections 1 through 8 of P.L.2020, c. 156 (C.34:1B-269 through C.34:1B-276);

(2) the “Brownfield Redevelopment Incentive Program Act,” sections 9 through 19 of P.L.2020, c. 156 (C.34:1B-277 through C.34:1B-287);

(3) the “New Jersey Innovation Evergreen Act,” sections 20 through 34 of P.L.2020, c. 156 (C.34:1B-288 through C.34:1B-302);

(4) the “Food Desert Relief Act,” sections 35 through 42 of P.L.2020, c. 156 (C.34:1B-303 through C.34:1B-310);

(5) the “New Jersey Community-Anchored Development Act,” sections 43 through 53 of P.L.2020, c. 156 (C.34:1B-311 through C.34:1B-321);

(6) the “New Jersey Aspire Program Act,” sections 54 through 67 of P.L.2020, c. 156 (C.34:1B-322 through C.34:1B-335);

(7) the “Emerge Program Act,” sections 68 through 81 of P.L.2020, c. 156 (C.34:1B-336 et al.);

(8) the Grow New Jersey Assistance Program established pursuant to section 3 of P.L.2011, c. 149 (C.34:1B-244);

(9) section 6 of P.L.2010, c. 57 (C.34:1B-209.4);

(10) the State Economic Redevelopment and Growth Grant program established pursuant to section 5 of P.L.2009, c. 90 (C.52:27D-489e);

(11) section 1 of P.L.2018, c. 56 (C.54:10A-5.39b); and

(12) section 2 of P.L.2018, c. 56 (C.54A:4-12b).

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Cite this article: FindLaw.com - New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 18A-263 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-52-state-government-departments-and-officers/nj-st-sect-52-18a-263/

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