Current through Register Vol. 54, No. 7, April 4, 2022
Each year the
annual fees in Tables 1 and 2 at
will be adjusted by the previous
12-month inflation factor. The inflation factor is calculated from the Consumer
Price Index, all urban consumers, U.S. city average (CPI-U), published monthly
by the U.S. Department of Labor, Bureau of Labor Statistics. The CPI-U for
purposes of calculating the inflation factor shall be the CPI-U for the
12-month period ending May 31. The resulting fee will be rounded up or down to
the nearest increment of $ 5.00.
(b) The inflation factor shall be the past
year percent change for the United States city average, all items, all urban
(c) If the inflation
factor for a 12-month period is negative, the fees will remain unchanged from
the previous year.
(d) The adjusted
fees shall be reflected through a notice of administrative change, published in
the New Jersey Register; however, the adjusted fees shall be effective on July
1, whether or not a notice of administrative change has been published.
N.J. Admin. Code §
Amended by 52 N.J.R. 1267(a), effective 6/15/2020