New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 34 - DIRECTOR'S TAX CREDIT PURCHASE PROGRAM
Subchapter 1 - DIRECTOR'S TAX CREDIT PURCHASE PROGRAM
Section 18:34-1.8 - Approval process
Universal Citation: NJ Admin Code 18:34-1.8
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Once the Director has approved an application and determined the amount of the eligible program tax credits to be purchased, the Division shall enter into an agreement with the taxpayer detailing the terms and conditions of the transaction, including any applicable recapture requirements, as well as a taxpayer's affirmative waiver of any right to claim or transfer a credit upon purchase by the Director of the Division of Taxation.
(b) A taxpayer shall register with the Department of the Treasury's procurement system in order to facilitate payment from the State.
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