104-24 Exhibits-Economic Development Counsultant - 2024.pdf

partnerships and Subchapter S corporations. Failure to submit a stockholder disclosure document shall result in rejection of the proposal. 4. Proof of Business Registration N.J.S.A. 52:32-44 requires that each vendor (contractor) submit proof of business registration with the proposal. Proof of registration shall be a copy of the vendor's Business Registration Certificate (BRC). A BRC is obtained from the State of New Jersey, Division of Revenue. Information on obtaining a BRC is available on the internet at: www.state.nj.us/treasury/revenue/gettingregistered.htm#busentity or call the Division of Revenue at (609) 292-1730. N.J.S.A. 52:32-44 imposes the following requirements on contractors and all subcontractors that knowingly provide goods or perform services for a contractor fulfilling this contract: a. The contractor shall provide written notice to its subcontractors and suppliers to submit proof of business registration to the contractor; b. Prior to receipt of final payment from a contracting agency, a contractor must submit to the contacting agency an accurate list of all subcontractors or attest that none was used; c. During the term of this contract, the contractor and its affiliates shall collect and remit, and shall notify all subcontractors and their affiliates that they must collect and remit to the Director, New Jersey Division of Taxation, the use tax due pursuant to the Sales and Use Tax Act, (N.J.S.A. 54:32B-1 et seq.) on all sales of tangible personal property delivered into this State. A contractor, subcontractor or supplier who fails to provide proof of business registration or provides false business registration information shall be liable to a penalty of $25 for each day of violation, not to exceed $50,000 for each business registration not properly provided or maintained under a contract with a contracting agency. Information on the law and its requirements is available by calling (609) 292-1730. 5. Non-Collusion Affidavit The Affidavit shall be properly executed and submitted with the proposal. 6. Disclosure of Investment Activities in Iran N.J.S.A. 52:32-55 prohibits State and local public contracts with persons or entities engaging in certain

executed and submitted with the proposal. 6. Disclosure of Investment Activities in Iran N.J.S.A. 52:32-55 prohibits State and local public contracts with persons or entities engaging in certain investment activities in energy or finance sectors of Iran. Bidders must indicate if 10