ASSEMBLY, No. 357
STATE OF NEW JERSEY
Introduced Pending Technical Review by Legislative Counsel
PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION
By Assemblywoman QUIGLEY and Assemblyman IMPREVEDUTO
An Act concerning the designation of an additional urban enterprise zone and amending P.L.1983, c.303.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 7 of P.L.1983, c.303 (C.52:27H-66) is amended to read as follows:
7. The authority shall designate enterprise zones from among those areas of qualifying municipalities determined to be eligible pursuant to this act. No more than [20] 21 enterprise zones shall be in effect at any one time. No more than one enterprise zone shall be designated in any one municipality. Any designation granted shall be for a period of 20 years and shall not be renewed at the end of that period. In designating enterprise zones the authority shall seek to avoid excessive geographic concentration of zones in any particular region of the State.
At least six of the 10 additional enterprise zones authorized pursuant to [this 1993 amendatory and supplementary act] P.L.1993, c.367 shall be located in counties in which enterprise zones have not previously been designated and shall be designated within 90 days of the date of the submittal of an application and zone development plan. The authority shall accept applications within 90 days of the effective date of [this 1993 amendatory and supplementary act] P.L.1993, c.367. One additional zone shall be designated by the authority pursuant to P.L. , c. (C. ) (pending before the Legislature as this bill) and notwithstanding the provisions of section 30 of P.L.1983, c.303 (C.52:27H-89), within 90 days of the date of the submittal of an application and zone development plan, in a qualifying municipality located in a county of the first class with a population greater than 500,000 but less than 600,000 according to the latest federal decennial census, which qualifying municipality has a municipal average annual unemployment rate greater than 7.5% for the 1994 calendar year according to the estimate by the State Department of Labor, and is contiguous to two other qualifying municipalities in which the authority has designated zones pursuant to the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.303 (C.52:27H-60 et seq.).
Notwithstanding the provisions of P.L.1983, c.303 (C.52:27H-60 et seq.) to the contrary, the six [additional] enterprise zones to be designated by the authority pursuant to the criteria for priority consideration in this section pursuant to P.L.1993, c.367 and the one enterprise zone to be designated by the authority pursuant to P.L. , c. (C. ) (pending before the Legislature as this bill) shall be entitled to an exemption to the extent of 50% of the tax imposed under the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.). The following criteria shall be utilized in according priority consideration for designation of [these] six zones by the authority pursuant to P.L.1993, c.367:
a. One zone shall be located in a county of the second class with a population greater than 595,000 and less than 675,000 according to the latest federal decennial census and shall be located in the qualifying municipality in that county with the highest annual average number of unemployed persons and the highest average annual unemployment rate for the 1992 calendar year according to the estimate by the State Department of Labor;
b. Two zones shall be located in a county of the second class with a population greater than 445,000 and less than 455,000 according to the latest federal decennial census, one of which shall be located in the qualifying municipality in that county with the highest annual average number of unemployed persons and the highest average annual unemployment rate for the 1992 calendar year according to the estimate by the State Department of Labor, and one of which shall be located in the qualifying municipality in that county with the second highest annual average number of unemployed persons and the second highest average annual unemployment rate for the 1992 calendar year according to the estimate by the State Department of Labor;
c. One zone shall be located in a county of the third class with a population greater than 84,000 and less than 92,000 according to the latest federal decennial census and shall be located in the qualifying municipality in that county with the highest annual average number of unemployed persons and the highest average annual unemployment rate for the 1992 calendar year according to the estimate by the State Department of Labor;
d. One zone shall be located within two noncontiguous qualifying municipalities but comprised of not more than two noncontiguous areas each having a continuous border, if:
(1) both municipalities are located in the same county which shall be a county of the fifth class with a population greater than 500,000 and less than 555,000 according to the latest federal decennial census;
(2) the two municipalities submit a joint application and zone development plan; and
(3) each of the municipalities has a population greater than 16,000 and less than 30,000 and a population density of more than 5,000 persons per square mile, according to the latest federal decennial census; and
e. One zone shall be located within a municipality having a population greater than 38,000 and less than 46,000 according to the latest federal decennial census if the municipality is located within a county of the fifth class with a population greater than 340,000 and less than 440,000 according to the latest federal decennial census.
(cf: P.L.1993, c.367, s.3.)
2. This act shall take effect immediately.
STATEMENT
This bill directs the New Jersey Urban Enterprise Zone Authority to designate one additional urban enterprise zone.
This enterprise zone shall be located: 1) in a county of the first class with a population greater than 500,000 and less than 600,000 according to the latest federal decennial census; 2) in the qualifying municipality in that county with municipal borders that are contiguous to two other qualifying municipalities in which the authority has designated zones pursuant to the New Jersey Urban Enterprise Zones Act (P.L.1983, c.303 et seq.); and 3) in a municipality which has an average annual unemployment rate greater than 7.5% for the 1994 calendar year according to the estimate by the State Department of Labor.
This enterprise zone shall be entitled, notwithstanding the provisions of P.L.1983, c.303 (C.52:27H-60 et seq.) to the contrary, to an exemption to the extent of 50% of the tax imposed under the "Sales and Use Tax Act," P.L.1966, c.30 (C.54:32B-1 et seq.), and shall be designated within 90 days of the date of the submittal of a qualifying application and zone development plan.
Provides for one additional urban enterprise zone.