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15. On or before January 15, 2012, the New Jersey Tax and Fiscal Policy Study Commission created by P.L.2007, c.43 (C. 52:9H-39 et seq.) shall report to the Governor and Legislature, pursuant to section 2 of P.L.1991, c.164 (C. 52:14-19.1), evaluating the efficacy of the tax levy caps and making recommendations.

L.2007, c.62, s.15.