Section 34:1B-115 - Grant of tax credits; qualificationsa. To qualify for a grant of tax credits, a business shall enter into an agreement to undertake a project to: (1) relocate or maintain a minimum of 50 retained full-time jobs from one or more locations within this State to a new business location or locations in this State; and(2) maintain the retained full-time jobs pursuant to the project agreement for the commitment duration.b. A project that consists solely of point-of-final-purchase retail facilities shall not be eligible for a grant of tax credits. If a project consists of both point-of-final-purchase retail facilities and non-retail facilities, only the portion of the project consisting of non-retail facilities shall be eligible for a grant of tax credits. If a warehouse facility is part of a point-of-final-purchase retail facility and supplies only that facility, the warehouse facility shall not be eligible for a grant of tax credits. For the purposes of this section, catalog distribution centers shall not be considered point-of-final-purchase retail facilities.Amended by L. 2010, c. 123,s. 3, eff. 1/6/2011.Amended by L. 2007, c. 310,s. 1, eff. 1/13/2008.Amended by L. 2004, c. 65, s. 4, eff. 6/30/2004.