LegalFix
Sign In

Section 54:8A-120 - Deposits in transportation fund or transportation benefit fund

NJ Rev Stat § 54:8A-120 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

54:8A-120. Deposits in transportation fund or transportation benefit fund

Notwithstanding the provisions of sections 20 and 22 of P.L.1961, c. 32 (C. 54:8A-20 and 54:8A-22), and 49 and 51 of P.L.1971, c. 222 (C. 54:8A-106 and 54:8A-108), relative to the purposes and application of the Emergency Transportation Tax and the Transportation Benefits Tax, there shall be deposited in the Transportation Fund or the Transportation Benefit Fund, as the case may be, a sum equal to the amount of tax due and payable under the Emergency Transportation Tax Act or the Transportation Benefits Tax Act, less a sum equal to the amount of tax due and payable under the New Jersey Gross Income Tax Act.

L.1976, c. 66, s. 2, eff. Aug. 17, 1976.

Previous Section
Section 54:8A-119 - Liability for either income tax or emergency transportation tax or transportation benefits tax
Next Section
Section 54:8A-121 - Transfer of amounts between transportation fund or transportation benefit fund and property tax relief fund; authorization