New Jersey Statutes 34:11-56a41. Regulations
Terms Used In New Jersey Statutes 34:11-56a41
- 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
(1) standards and procedures for determining which employees are employees with impairments for the purpose of determining the eligibility of employers for tax credits;
(2) any additions to, or modifications of, wage record-keeping requirements needed to calculate the amounts of tax credits under sections 5 through 9 of P.L.2019, c.32 (C. 34:11-56a39 to 34:11-56a41, 54:10A-5.42, and 54A:4-18);
(3) continuing to provide the calculation, for each year, of what the minimum wage would have been under section 5 of P.L.1966 (C. 34:11-56a4) and paragraph 23 of Article I of the New Jersey Constitution if P.L.2019, c.32 (C. 34:11-56a4.9 et al.) had not been enacted ; and
(4) a method for employers to submit certificates of credit to the Division of Taxation pursuant to sections 8 and 9 of P.L.2019, c.32 (C. 54:10A-5.42 and C. 54A:4-18).
b. Beginning the year next following the year in which P.L.2019, c.32 (C. 34:11-56a4.9 et al.) takes effect and every two years thereafter, the commissioner shall prepare a report concerning the award of tax credits under sections 5 through 9 of P.L.2019, c.32 (C. 34:11-56a39 to 34:11-56a41, 54:10A-5.42, and 54A:4-18), and submit the report to the Governor, and, pursuant to section 2 of P.L.1991, c.164 (C. 52:14-19.1), to the Legislature. Each biennial report required under this subsection shall include the names and locations of, and the amount of tax credits allowed to, each employer allowed a tax credit under sections 5 through 9 of P.L.2019, c.32 (C. 34:11-56a39 to 34:11-56a41, 54:10A-5.42, and 54A:4-18).
L.2019, c.32, s.7.