N.J. Admin. Code § 19:31N-1.5

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:31N-1.5 - Submission requirements

(a) Each application to the Authority by a selling company shall include the following information in a format prescribed by the Chief Executive Officer, after recommendation by the Board. Complete applications must be received by at least 120 days prior to the expiration of the second tax period, pursuant to N.J.A.C. 19:31M-1.11.

1. The name and address of the applicant;

2. A statement that all terms and conditions of the selling business' BRRAG project agreement have been and/or are continuing to be met;

3. A list of all corporations and affiliated groups of corporations that directly or indirectly owns or controls five percent or more of the voting rights or five percent or more of the value of all classes of stock of the selling business;

4. A statement that the selling business is operating and has no current intention to cease operating;

5. A certification that, to the best of the applicant's knowledge, the applicant cannot use the BRRAG tax credits originally issued for the tax periods in which the credits are allowable;

6. The proposed use of any private financial assistance that would be provided by a buying business, to assist in the funding of costs incurred by the relocating business;

7. Any other necessary and relevant information as determined by the Chief Executive Officer for a specific application.

N.J. Admin. Code § 19:31N-1.5

Amended by R.2010 d.178, effective 8/16/2010.
See: 42 N.J.R. 904(a), 42 N.J.R. 1900(b).
Deleted (b).
Recodified from N.J.A.C. 12A:2A-1.5 and amended by R.2010 d.231, effective 10/18/2010.
See: 42 N.J.R. 1495(b), 42 N.J.R. 2436(a).
In the introductory paragraph of (a) and (a)7, substituted "Chief Executive Officer" for "Secretary"; in the introductory paragraph of (a), substituted "Authority" for "Commission", deleted "of Directors" following "Board" and updated the N.J.A.C. reference; and deleted (b).

Recodified from 19:31-15.5 56 N.J.R. 807(a), effective 5/6/2024