N.J. Admin. Code § 6A:23A-18.7

Current through Register Vol. 56, No. 17, September 3, 2024

Section 6A:23A-18.7 - Surcharge

(a) For profit-making APSSDs, the tuition rate may include an annual surcharge up to 2.5 percent of the APSSD's allowable actual costs.

(b) For profit-making APSSDs, interest earned in accordance with N.J.A.C. 6A:23A-18.3(h) is an unrestricted revenue and shall not be part of the school's surcharge computation.

(c) For profit-making APSSDs, the allowable Federal, State, and local income tax payment in N.J.A.C. 6A:23A-18.6(a)36 shall be computed using only the public school placement tuition income and all allowable and non-allowable APSSD expenses that are allowable tax deductions on the school's Federal, State, and local income tax returns.

N.J. Admin. Code § 6A:23A-18.7

Amended by 49 N.J.R. 1855(a), effective 7/3/2017