N.J. Admin. Code § 8:31A-2.1

Current through Register Vol. 56, No. 8, April 15, 2024

Section 8:31A-2.1 - Calculation of assessment

(a) The uniform gross receipts assessment rate of 2.95 percent applies to each covered facility with at least $ 300,000 in gross receipts, as documented in the facility's most recent annual report to the Department pursuant to N.J.A.C. 8:31A-3, except that no facility shall pay an assessment greater than $ 350,000.

(b) Each facility shall submit the amount that the Department assesses pursuant to (a) above to the Department in accordance with N.J.A.C. 8:31A-2.2.

Amended by 54 N.J.R. 1299(a), effective 7/5/2022