N.J. Stat. § 54:30A-123

Current through L. 2024, c. 62.
Section 54:30A-123 - Deposit of tax monies, certain
a. For State budgetary purposes, the State Treasurer shall direct that all tax monies collected pursuant to contracts executed pursuant to tariff rate schedules and associated gross receipts and franchise unit tax classes approved by separate written orders of the Board of Public Utilities prior to the effective date of this act shall be deposited in the State General Fund.
b. For State budgetary purposes, the collection of billings from customers of a utility for natural gas, electricity and utility service provided on and after January 1, 1998 and before the issuance by the Board of Public Utilities of a written order approving, upon either an interim or final basis, the rate filing of that utility required pursuant to section 67 of P.L. 1997, c. 162(C.48:2-21.34), except for sales exempt as of December 31, 1997 from gross receipts and franchise taxes imposed pursuant to P.L. 1940, c.5 (C.54:30A-49 et seq.) and sales to which section 59 of this act (C.48:2-21.31) shall apply, shall be deemed to include the collection of the full amount of sales and use tax that otherwise would have been due and owing for the billing as if the sales and use tax was imposed pursuant to P.L. 1966, c.30 (C.54:32B-1 et seq.) and P.L. 1997, c. 162(C.54:10A-5.25 et al.) at the time that the natural gas, electricity or utility service was actually provided.

N.J.S. § 54:30A-123

L. 1997, c. 162, s. 66.