New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 22 - PUBLIC UTILITY TAX - WATER AND SEWERAGE
Subchapter 10 - TAXES PAYABLE BY SEWERAGE AND WATER CORPORATIONS
Section 18:22-10.1 - Computation of tax
Universal Citation: NJ Admin Code 18:22-10.1
Current through Register Vol. 56, No. 18, September 16, 2024
(a) In addition to the excise taxes payable under N.J.A.C. 18:22-9.2, every sewerage and water corporation must pay excise taxes for the privilege of exercising its franchises and for the use of the public streets, highways, roads, or other public places at the following rates:
1. Tax rate on proportion of lines or mains
adjacent to public highways:
i. A tax computed at
the rate of five percent on the proportion of the gross receipts of the taxpayer for
the pre-tax year as the length of the lines or mains in this State, located along,
in, or over any public street, highway, road, or other public place, exclusive of
service connections, bears to the whole length of its lines or mains exclusive of
service connections;
ii. Where the gross
receipts of any taxpayer for the calendar year do not exceed $ 50,000, the tax due
from that taxpayer for the calendar year is computed at the rate of two
percent.
2. A tax at the rate
of 7 1/2 percent upon the gross receipts of the taxpayer for the pre-tax year from
its business over, on, in, through, or from its lines or mains in the State of New
Jersey.
(b) Advance payment in tax year considered as a partial payment of the tax due and payable in the following year:
1. An advance payment equal in
amount to 55 percent of the increase in taxes due under (a) above during the pre-tax
year over the taxes due under (a) above in the year immediately prior to the pre-tax
year, shall be paid each year by each subject taxpayer in the manner set forth in
N.J.A.C.
18:22-12.1. The advance payment shall not be
considered for the purpose of determining the amount of the increase.
i. This payment shall be in addition to the tax
payable under (a) above and shall be considered as a partial payment of the tax to
become due and payable in the following year;
ii. In the calculation of the tax due under (a)
above in each year, every subject taxpayer shall be entitled to a credit in the
amount of the tax paid under this subsection as a partial payment in the pre-tax
year and shall be entitled to the return of any amount so paid that exceeds the
total amount payable in accordance with
N.J.S.A.
54:30A-54 and the Act.
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