N.J. Admin. Code § 19:31R-1.5

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

Section 19:31R-1.5 - Fees

(a) A non-refundable application fee of $ 500.00 shall accompany every application for tax credits for qualified investments of $ 50,000 or less.

(b) A non-refundable application fee of $ 2,500 shall accompany every application for tax credits for qualified investments of more than $ 50,000.

(c) A fee of five percent of the approved tax credit amount for qualified investments of more than $ 500,000, shall be paid to the Authority upon the approval of the tax credit. The application fee of $ 2,500 required under (a) above, shall be applied toward the approval fee.

(d) A non-refundable fee of $ 150.00 shall be paid to the Authority for each request for reissuance of a tax certificate previously issued pursuant to N.J.A.C. 19:31R-1.6.

(e) The full amount shall be paid of direct costs of due diligence, including, but not limited to, debarment/disqualification reviews, or other analyses by a third-party retained by the Authority, if the Authority deems such retention to be necessary.

N.J. Admin. Code § 19:31R-1.5

Amended by R.2017 d.010, effective 1/3/2017.
See: 48 N.J.R. 2031(a), 49 N.J.R. 134(a).
Rewrote the section.
Amended by R.2020 d.122, effective 11/16/2020.
See: 52 N.J.R. 1612(a), 52 N.J.R. 2064(a).
Added (e).

Recodified from 19:31-19.5 56 N.J.R. 807(a), effective 5/6/2024