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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Chapter 27h:
Section: 52:27h-77: Carry-forward permitted
Enterprise zone employee tax credits or enterprise zone investment tax credits provided under section 19 of this act shall not reduce a taxpayer's tax liability under the "Corporation Business Tax Act (1945)," P.L. 1945, c. 162 (C. 54:10A-1 et seq.) in any tax year by more than 50\% of the amount otherwise due, but either employee tax credits or investment tax credits remaining and unused in a tax year may be carried forward by the taxpayer to the next succeeding tax year and applied against 50\% of the amount of tax otherwise due in that succeeding tax year.
L. 1983, c. 303, s. 18; amended 1988,c.93,s.8.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 52:27h-77 (if available):
Court decisions that cite this statute:
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