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New Jersey Statutes, Title: 54A, NEW JERSEY GROSS INCOME TAX ACT
Chapter 10:
Section: 54A:10-7: Anticipation of revenues in municipal budget; reduction of property tax levy.
Upon notification by the director of the amount of revenue sharing funds due, the governing body of each municipality shall anticipate such revenues in its budget for the succeeding year and shall apply all such revenues to the reduction of the property tax levy.
L.1976, c. 73, s. 7.
This section added to the Rutgers Database: 2012-09-26 13:37:57.
Older versions of 54a:10-7 (if available):
Court decisions that cite this statute:
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