Examples of Urban Enterprise Zones in a sentence
Certain commercial areas of Jersey City have been designated State Urban Enterprise Zones.
A taxpayer that is engaged in the conduct of business within a qualified municipality and is not receiving a benefit under the “New Jersey Urban Enterprise Zones Act” may claim a tax credit equal to$2,500 for each new full-time position at that location in credit year one and $1,250 for each new full-time position at that location in credit year two.To claim this credit, the taxpayer must complete Form 313 and attach it to the tax return.
In any municipality in which an enterprise zone has been designated pursuant to the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.
To qualify for the credit, the investment must be approved by the Urban Enterprise Zones Authority.
To be eligible, the taxpayer must have been certified as a qualified business by the Urban Enterprise Zones Authority.
Further information can be obtained from the New Jersey Urban Enterprise Zones Authority, New Jersey Commerce and Economic Growth Commission, PO Box 820, Trenton, New Jersey 08625-0820, phone (609) 292-1912.The forms required to validate the employee tax credit (Form 300) and the investment tax credit (Form 301) can be obtained by following the instructions on page 16.
A taxpayer which has been designated as a “qualified business” as defined in the New Jersey Urban Enterprise Zones Act, N.J.S.A. 52:27H-60 etseq., may qualify for either an employee tax credit or an investment tax credit.