Title 34, Title 34: LABOR AND WORKMEN'S COMPENSATION

34:1B-371 Findings, declarations relative to entrepreneurs. 66. The Legislature finds and declares that: a. One of the most difficult challenges for upstart entrepreneurs is forgoing employment to launch their businesses. b. For diverse entrepreneurs from underserved populations,…

34:1B-372 Definitions relative to the New Jersey Innovation Fellows Program. 67. As used in sections 65 through 68 of P.L.2021, c.160 (C.34:1B-370 through 34:1B-373): "Authority" means the New Jersey Economic Development Authority established pursuant to section 4 of P.L.1974, c.…

34:1B-373 "New Jersey Innovation Fellows Program." 68. a. There is established the "New Jersey Innovation Fellows Program" within the authority for the purpose of providing seed funding to teams of entrepreneurs, through the disbursement of fellowship grants, and facilitating eco…

34:1B-374 Findings, declarations. 1. The Legislature finds and declares it to be the public policy of this State that: a. Investing in water conservation, stormwater management, renewable energy, energy efficiency, and flood and hurricane mitigation improvements to real property …

34:1B-375 Definitions. 2. As used in sections 1 through 9 of P.L.2021, c.201 (C.34:1B-374 through C.34:1B-382): "Assignment agreement" means an agreement in which a participating municipality assigns a C-PACE assessment to a capital provider, its designee, successor or assign. "A…

34:1B-376 Report to Governor, Legislature. 3. a. (1) No later than 18 months after the launch date and annually thereafter, the authority shall prepare and submit to the Governor and, pursuant to section 2 of P.L.1991, c.164 (C.52:14-19.1), to the Legislature, a report describing…

34:1B-377 Garden State C-PACE program. 4. a. The authority shall establish a Garden State C-PACE program to facilitate the financing of C-PACE projects in municipalities that adopt an opt-in ordinance. The Garden State C-PACE program shall consist of the development of uniform as…

34:1B-378 Information published on Internet website. 5. a. Within 270 days after the effective date of P.L.2021, c.201 (C.34:1B-374 et al.), the authority shall establish the Garden State C-PACE program by publishing on its Internet website: (1) uniform assessment documents; (2) …

34:1B-379 Local C-PACE program. 6. a. An authorized municipality that has adopted an opt-in ordinance may also establish a local C-PACE program to facilitate the financing of C-PACE projects in that authorized municipality. A county may also establish a local C-PACE program pursu…

34:1B-38. Definitions As used in this act: a. "Fund" means the New Jersey Local Development Financing Fund established in section 4 of this act. b. "Commissioner" means the Commissioner of the Department of Commerce and Economic Development or his designated representative, which…

34:1B-380 Application to establish local C-PACE program. 7. a. An authorized municipality or a county seeking to establish a local C-PACE program pursuant to section 6 of P.L.2021, c.201 (C.34:1B-379) shall submit an application to the authority for approval. The application to t…

34:1B-381 Fee charged to county, municipality. 8. a. The authority may charge a county or authorized municipality a fee to review a proposed local C-PACE program ordinance or local C-PACE program guidelines. The fee shall reflect the reasonable and actual cost of the review, prov…

34:1B-382 Financing, assessment on property. 9. a. Financing for the implementation of C-PACE projects, including the refinancing of an investment in an existing improvement that qualifies as a C-PACE project, provided the existing improvement was completed no more than three yea…

34:1B-383 Short title. 1. P.L.2023, c.197 (C.34:1B-383 et al.) shall be known and may be cited as the "Cultural Arts Incentives Program Act." L.2023, c.197, s.1.

34:1B-384 Findings, declarations. 2. The Legislature finds and declares that: a. The New Jersey Economic Development Authority can effectively utilize cultural arts institution facilities as catalysts for broad economic development in targeted communities. Under the legislation, …

34:1B-385 Definitions. 3. As used in P.L.2023, c.197 (C.34:1B-383 et al.): "Affiliate" means an entity that directly or indirectly controls, is under common control with, or is controlled by a cultural arts institution. Control exists in all cases in which the entity is a member …

34:1B-386 "Cultural Arts Incentives Program" established, New Jersey Economic Development Authority. 4. a. The Cultural Arts Incentives Program is established as a program under the jurisdiction of the New Jersey Economic Development Authority. The board shall certify an eligible…

34:1B-387 Cultural arts institution, tax credit eligibility. 5. a. A cultural arts institution shall be eligible to receive a tax credit under the program only if the cultural arts institution is eligible pursuant to subsection b. of this section and submits a program application…

34:1B-388 Cultural arts institution seeking tax credit, application, New Jersey State Council on the Arts, consultation. 6. a. Prior to March 1, 2029, a cultural arts institution seeking a tax credit pursuant to the program that satisfies the eligibility criteria set forth in sec…

34:1B-389 New Jersey Economic Development Authority, awarding tax credits, competitive application process, at least one award round each year. 7. a. The authority shall conduct a review of applications on a rolling basis, unless the authority determines that demand is likely to …

34:1B-39. Establishment of fund; source of deposits; use of funds There is established the New Jersey Local Development Financing Fund, a special depository fund into which shall be deposited moneys for carrying out the purposes of this act. The fund shall be continuing and nonla…

34:1B-390 New Jersey Economic Development Authority, cultural arts institution, tax credit agreement. 8. a. Following approval and selection of an application pursuant to sections 6 and 7 of P.L.2023, c.197 (C.34:1B-388 and 34:1B-389), the authority shall enter into a tax credit …

34:1B-391 Cultural arts institution, approved cultural arts project, tax credit, awarded. 9. a. Up to the limits established in paragraph (1) of subsection b. of section 4 of P.L.2023, c.197 (C.34:1B-386), and in accordance with a tax credit agreement, beginning upon the receipt …

34:1B-392 Cultural arts institution, tax credit transfer certificate, selling, assigning. 10. a. A cultural arts institution may apply to the director and the chief executive officer of the authority for a tax credit transfer certificate, covering one or more years. The tax credi…

34:1B-393 Rules, regulations. 11. a. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) to the contrary, the chief executive officer of the authority shall, in consultation with the New Jersey State Council on the Arts, adop…

34:1B-394 Short title. 1. P.L.2024, c.49 (C.34:1B-394 et al.) shall be known and may be cited as the Next New Jersey Program Act. L.2024, c.49, s.1.

34:1B-395 Definitions. 2. As used in P.L.2024, c.49 (C.34:1B-394 et al.): "Affiliate" means an entity that directly or indirectly controls, is under common control with, or is controlled by an eligible business. Control exists in all cases in which the entity is a member of a con…

34:1B-396 "Next New Jersey Program" established. 3. a. The Next New Jersey Program is hereby established as a program under the jurisdiction of the New Jersey Economic Development Authority. The authority shall administer the program to attract new investment to New Jersey in key…

34:1B-397 Tax credit eligibility requirements, artificial intelligence. 4. a. Beginning on the effective date of P.L.2024, c.49 (C.34:1B-394 et al.), but prior to March 1, 2029, to be eligible for tax credits under the program, a business's chief executive officer, or equivalent …

34:1B-398 Tax credit eligibility, application, artificial intelligence. 5. a. A business that meets the eligibility criteria in section 4 of P.L.2024, c.49 (C.34:1B-397) and is seeking tax credits for a project under the program shall submit an application for approval of the pro…

34:1B-399 Eligible business, tax credits, site plan approval, committed financing, control, facility. 6. a. Following board approval, within a time established by the authority and prior to the authority and an eligible business executing a project agreement, the eligible busines…

34:1B-4 "New Jersey Economic Development Authority." 4. a. There is hereby established in, but not of, the Department of the Treasury a public body corporate and politic, with corporate succession, to be known as the "New Jersey Economic Development Authority." The authority is h…

34:1B-4.1 Contracts to secure bonds, other obligations. 6. a. The New Jersey Economic Development Authority and the State Treasurer are hereby authorized to enter into one or more contracts to secure, in whole or in part, any bonds, refunding bonds or other obligations of the aut…

34:1B-4.2 Motion Picture and Television Development Commission, transfer, Business Action Center, Department of State. 1. a. The Motion Picture and Television Development Commission, established pursuant to section 3 of P.L.1977, c.44 (C.34:1B-24), transferred in, but not of, the…

34:1B-4.3 Regulations. 8. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to the contrary, the chief executive officer of the authority may adopt, immediately upon filing with the Office of Administrative Law, regulation…

34:1B-40. Form, amount and terms of financial assistance; repayment Financial assistance provided from the fund shall include, but not be limited to, loans, loan guarantees, grants, secondary mortgages and equity participation. The form, amount and terms of financial assistance p…

34:1B-400 Tax credit eligibility, certifications, capital investment, employment requirements. 7. a. Upon completion of the capital investment and employment requirements of the program, an eligible business shall submit to the authority certifications evidencing that the eligibl…

34:1B-401 Eligible business, tax credit transfer certificate. 8. a. An eligible business may apply to the director and the chief executive officer of the authority for a tax credit transfer certificate, within three years of the tax period in which the director allows the eligibl…

34:1B-402 Rules, regulations. 9. Notwithstanding the provisions of the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.) to the contrary, the chief executive officer of the authority shall adopt, immediately, upon filing with the Office of Administrative Law, s…

34:1B-403 Short title. 1. P.L.2025, c.123 (C.34:1B-403 et al.) shall be known and may be cited as the “Next New Jersey Manufacturing Program Act.” L.2025, c.123, s.1.

34:1B-404 Findings, declarations. 2. The Legislature finds and declares that: a. Manufacturers are vital contributors to the State's economic health and overall prosperity. They serve as engines of growth, driving job creation, stimulating innovation, and fostering a robust and p…

34:1B-405 Definitions. 3. As used in P.L.2025, c.123 (C.34:1B-403 et al.): “Affiliate” means an entity that directly or indirectly controls, is under common control with, or is controlled by an eligible business. Control exists in all cases in which the entity is a member of a co…

34:1B-406 Next New Jersey Manufacturing Program under the New Jersey Economic Development Authority. 4. a. The Next New Jersey Manufacturing Program is hereby established as a program under the jurisdiction of the New Jersey Economic Development Authority. The authority shall adm…

34:1B-407 Tax credit eligibility, Next New Jersey Manufacturing Program. 5. a. To be eligible for tax credits under the program, a business’s chief executive officer, or equivalent officer, shall demonstrate to the authority at the time of application that: (1) the business shall…

34:1B-408 Tax credit application form, requirements, Next New Jersey Manufacturing Program. 6. a. A business that meets the eligibility criteria in section 5 of P.L.2025, c.123 (C.34:1B-407) and is seeking tax credits for a project under the program shall submit an application to…

34:1B-409 Site plan approval, committed financing, site control requirements, Next New Jersey Manufacturing Program. 7. a. Following board approval of an application submitted pursuant to section 6 of P.L.2025, c.123 (C.34:1B-408), within a time period established by the authorit…