Title 5, Title 5: AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS

5:12-145.2. Calculation of income 2. For the purpose of determining the amount of investment income to be credited to the "Casino Revenue Fund," the State Treasurer shall calculate the average rate of earnings from the State's general investments during each fiscal year and apply…

5:12-145.3 "Casino Revenue Fund Advisory Commission." 1. There is created a commission to be known as the "Casino Revenue Fund Advisory Commission." The commission shall consist of 15 members to be appointed as follows: two members of the Senate, appointed by the President of the…

5:12-145.4. Duties of commission 2. The commission shall review the programs funded by the Casino Revenue Fund, established pursuant to section 145 of P.L.1977, c.110 (C.5:12-145), and make recommendations to the Legislature annually or more often, if necessary, concerning existi…

5:12-145.5. Organization, election of chairperson, secretary 3. The commission shall organize as soon after the appointment of its members as is practicable. A majority of the commission members shall elect a chairperson from among the members and a secretary who need not be a me…

5:12-145.6. Entitlement to assistance, services, incurring of expenses 4. The commission is entitled to call to its assistance and avail itself of the services of employees of any State, county or municipal department, board, bureau, commission or agency as it may require and as …

5:12-145.7. Annual report 5. The commission shall submit an annual report to the Legislature by March 1 of each year. L.1992,c.108,s.5.

5:12-145.8 Fee of $3.00 imposed daily on occupied hotel rooms in casino hotel facility. 6. Notwithstanding the provisions of any other law to the contrary and in addition to any other tax or fee imposed by law, there is imposed a fee of $3.00 per day on each hotel room in a casin…

5:12-145a. Use of moneys from Casino Revenue Fund a. Except as otherwise provided in subsection b. of this section, no moneys deposited in the Casino Revenue Fund established by section 145 of the "Casino Control Act," P.L. 1977, c. 110 (C. 5:12-145) may be appropriated to fund a…

5:12-146 In lieu tax. 146. a. Any casino licensee whose licensed premises are located in an area which has been declared, by the Department of Community Affairs and the division, to be a blighted area, or an area endangered by blight, may, for a period of not more than 25 years, …

5:12-147 Profits. 147. a. For the purposes of the application of the provisions of section 146 of this act, "profits" referred to in section 146 a.(2) for any year means total profits from cumulative investments in Atlantic City. In computing profits under this section, a license…

5:12-148 Payment of taxes. 148. a. The tax imposed under section 144 hereof shall be due and payable annually on or before the 15th day of March and shall be based upon gross revenues derived during the previous calendar year. A licensee shall file its first return and shall repo…

5:12-148.2 Tax of 8% imposed on multi-casino progressive slot machine revenue. 4. a. A tax at the rate of 8% is imposed on casino service industry multi-casino progressive slot machine revenue. The tax shall not be considered a tax collectable under the "Sales and Use Tax Act," P…

5:12-148.3 Tax of 7.5% imposed on certain adjusted net income of casino licensees. 5. a. In State fiscal years 2004 through 2006, a tax at the rate of 7.5% is imposed on the adjusted net income of a casino licensee in calendar year 2002, determined pursuant to information provide…

5:12-149 Determination of tax liability. 149. Determination of Tax Liability. The Division of Taxation may perform audits of the books and records of a casino licensee, at such times and intervals as it deems appropriate, for the purpose of determining the sufficiency of tax paym…

5:12-14a "Complimentary service or item." 2. "Complimentary service or item" - A service or item provided at no cost or at a reduced price. The furnishing of a complimentary service or item by a casino licensee shall be deemed to constitute the indirect payment for the service or…

5:12-15. "Director" "Director" --The Director of the Division of Gaming Enforcement. L.1977, c. 110, s. 15, eff. June 2, 1977.

5:12-150 Penalties. 150. Penalties. a. Any licensee who shall fail to file his return when due or to pay any tax or deposit when the same becomes due, as herein provided, shall be subject to such penalties and interest as provided in the "State Uniform Tax Procedure Law," Subtitl…

5:12-151 Forms. 151. In addition to the other powers granted by this act, the Division of Taxation is hereby authorized and empowered to promulgate and distribute all forms and returns necessary to the implementation of this act. L.1977, c.110, s.151; amended 2011, c.19, s.110.

5:12-152. Application of State Tax Uniform Procedure Law The taxes imposed by this act shall be governed in all respects by the provisions of the "State Tax Uniform Procedure Law," Subtitle 9 of Title 54 of the Revised Statutes, except only to the extent that a specific provision…

5:12-152.1 Casino hotel facility surcharge, rate. 1. a. A surcharge at the rate of $2 per day for each occupied room shall be imposed on a casino hotel facility. b. A surcharge imposed under subsection a. of this section shall be collected and administered by the Director of the …

5:12-153 Casino Reinvestment Development Authority. 5. a. There is established in, but not of, the Department of the Treasury a Casino Reinvestment Development Authority to consist of the following members: (1) Six members appointed by the Governor with the advice and consent of …

5:12-154. Removal of members; oath of office Each appointed member may be removed from office by the Governor for cause, after a public hearing, and may be suspended by the Governor pending the completion of that hearing. Each member before entering upon his duties shall take and…

5:12-155 Officers; quorum. 7. The Governor shall designate from among the appointed and voting public members, a chairman and a vice chairman of the Casino Reinvestment Development Authority, who shall serve in those capacities at the pleasure of the Governor. The powers of the C…

5:12-156 Compensation of public members; reimbursement. 8. Each appointed and voting public member of the Casino Reinvestment Development Authority other than the chairman shall receive compensation of $18,000.00 per annum. The compensation of the chairman shall be $23,000.00 per…

5:12-157. Designation of representatives to attend meetings 9. The Attorney General and the State Treasurer, and, where appropriate, the Commissioner of the Department of Commerce and Economic Development or the Commissioner of the Department of Community Affairs, may designate a…

5:12-158. Interests prohibited 10. Other than any casino hotel industry representatives, no member, officer, employee or agent of the Casino Reinvestment Development Authority shall be interested either directly or indirectly in any project or in any contract, sale, purchase, lea…

5:12-159. Dissolution of authority; conditions The Casino Reinvestment Development Authority may be dissolved by an act of the Legislature on the condition that the Casino Reinvestment Development Authority has no debts or obligations outstanding or that provision has been made f…

5:12-16. "Division" "Division" --The Division of Gaming Enforcement. L.1977, c. 110, s. 16, eff. June 2, 1977.

5:12-16.1. "Encumbrance" "Encumbrance" --A mortgage, security interest, lien or charge of any nature in or upon property. L.1978, c. 7, s. 5, eff. March 17, 1978.

5:12-160 Purpose of authority. 12. The purposes of the Casino Reinvestment Development Authority shall be: a. to maintain public confidence in the casino gaming industry as a unique tool of urban redevelopment for the city of Atlantic City and to directly facilitate the redevelop…

5:12-161 Powers of authority. 13. The Casino Reinvestment Development Authority shall have the following powers: a. To adopt and have a common seal and to alter the same at pleasure; b. To sue or be sued; c. To acquire, hold, use and dispose of any eligible project in which it is…

5:12-161.1 Atlantic City Fund, established in CRDA. 44. There is created and established in the Casino Reinvestment Development Authority a special account to be known as the "Atlantic City Fund," into which shall be deposited or credited the moneys specified in section 45 of P.L…

5:12-161.2. Moneys payable to the Atlantic City Fund; casino shares 45. a. Beginning with Fiscal Year 1995-1996 and for the following three fiscal years, if the amount of money expended as operating expenses by the Casino Control Commission and the Division of Gaming Enforcement …

5:12-161.3 Prevailing wage rate for workers employed on projects with Casino Redevelopment Authority involvement. 1. Each worker employed in the construction or rehabilitation of facilities undertaken in connection with loans, loan guarantees, expenditures, investments, tax exemp…

5:12-161.4 Exercise of rights, powers or duties. 2. For the purpose of implementing the provisions of sections 1 through 3 of this act, the Commissioner of Labor and Workforce Development shall, and a worker employed in the performance of work subject to this act or the employer …

5:12-161.5 Prevailing wage rules, regulations, adoption by Casino Reinvestment Development Authority. 3. The Casino Reinvestment Development Authority shall, in consultation with the Commissioner of Labor and Workforce Development, adopt rules and regulations, consistent with the…

5:12-161.6 Inapplicability of C.5:12-161.3 through C.5:12-161.5. 4. The provisions of sections 1 through 3 of this act shall not apply to construction and rehabilitation of facilities conducted entirely under contracts entered into prior to the effective date of this act or to th…

5:12-162. Bonds a. The Casino Reinvestment Development Authority shall have the power and is authorized from time to time to issue its bonds to licensees in principal amounts as in the opinion of the Casino Reinvestment Development Authority shall be necessary to provide sufficie…

5:12-162.1 Issuance of bond, notes, other obligations. 4. a. In addition to the authorization contained in any other statutory provisions relating to the issuance or sale of bonds, notes or other obligations by the Casino Reinvestment Development Authority, the authority may, upo…

5:12-163. Resolution authorizing bonds; provisions Any resolution of the Casino Reinvestment Development Authority authorizing the issuance or offering of bonds may contain provisions, except as expressly limited in this act and except as otherwise limited by existing agreements …

5:12-164. Pledges of income, revenue or property; validity; effect Any pledge made by the Casino Reinvestment Development Authority of income, revenues or other property shall be valid and binding from the time the pledge is made. The income, revenue or other property so pledged …

5:12-165. Treatment of interest on bonds as provided under Internal Revenue Code of 1954; consent; application of state or federal laws The Casino Reinvestment Development Authority may consent, at or prior to the time of issuance of any issue of its bonds, to the inclusion of in…

5:12-166. Liability of members on bonds Neither the members of the Casino Reinvestment Development Authority nor any person executing bonds issued pursuant to this act shall be liable personally on those bonds by reason of the issuance thereof. L.1984, c. 218, s. 18, eff. Dec. 19…

5:12-167. Property and bonds of authority; tax exemption All property of the Casino Reinvestment Development Authority is declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments…

5:12-168. Authority property; exemption from execution or judicial process All property of the Casino Reinvestment Development Authority shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same nor shall …

5:12-169. Annual report; audit On or before the last day of February in each year, the Casino Reinvestment Development Authority shall make an annual report on its activities for the preceding calendar year to the Governor and to the Legislature. Each report shall set forth a com…