New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 23 - RAILROAD PROPERTY TAX
Appendix I
Universal Citation: NJ Admin Code I
Current through Register Vol. 56, No. 18, September 16, 2024
CALENDAR OF TAX EVENTS
| PRE-TAX YEAR | |
| January 1 | Property valuations: Determined as of this date. (See N.J.A.C. 18:23-5.2, 5.3) |
| March 1 (On or before) | Property report: Railroads shall make reports to the Director, Division of Taxation, of their property as it existed on January 1, preceding. (See N.J.A.C. 18:23-8.1) |
| Second Monday of June (On or before) | Reports of local assessors: Local assessors, if required to do so by the Director, Division of Taxation, shall report to the Director the description and valuation of railroad property not used for railroad purposes. (See N.J.S.A. 54:29A-16) |
| November 1 (On or before) | Valuations to be fixed: The Director, Division of Taxation, will determine the true value of Class II property used for railroad purposes. (See N.J.A.C. 18:23-5.2, 5.3) |
| November 10 (Not later than) | Statement of valuations to taxpayer: The Director, Division of Taxation, shall deliver a detailed statement of Class II property valuations to each taxpayer. (See N.J.A.C. 18:23-5.2, 5.3) |
| December 1 (Prior to) | Taxpayer may confer with Director concerning valuations: Any taxpayer may inspect the Director's valuations and confer with the Director concerning these valuations. (See N.J.A.C. 18:23-5.6) |
| December 1 | Due date property tax: Property taxes are due and delinquent on this date. (See N.J.A.C. 18:23-8.5, 8. 6) |
| December 15 (Not later than) | Deliver detailed statement of Class II property and property tax to taxpayers: The Director, Division of Taxation, shall deliver to each taxpayer a detailed statement of the Class II property and the tax for the property for the following year. (See N.J.A.C. 18:23-5.7, 5.8, 5.9) |
| December 15 (After) | Certify property tax to Director: The Director, Division of Taxation, shall report and certify property tax assessments. (See N.J.S.A. 54:29A-22) |
| TAX YEAR | |
| January 1 | Property tax lien date: Taxes become a lien as of this date. (See N.J.A.C. 18:23-10.1) |
| January 1 | Franchise tax lien date: Taxes become a lien as of this date. (See N.J.A.C. 18:23-10.1) |
| April 1 (On or before) | Operating income reports to be filed: Railroads to make reports to the Director, Division of Taxation, showing their railway operating revenues of the pre-tax year, all deductions therefrom, and the net railway operating income remaining after such deductions. (See N.J.A.C. 18:23-10.7) |
| June 1 (On or before) | Franchise tax assessment date: The Director, Division of Taxation, shall compute and assess the franchise tax. (See N.J.A.C. 18:23-4.7) |
| June 1 (After) | Franchise tax certified to the Director, Division of Budget and Accounting: The Director, Division of Taxation, shall certify the franchise assessments and the statements. (See N.J.S.A. 54:29A-22) |
| June 10 (On or before) | Franchise tax bills to taxpayers: The Director, Division of Taxation, shall certify the amount of franchise tax and the manner of computation thereof to each taxpayer within ten days after the completion of the assessment of franchise tax. (See N.J.A.C. 18:23-5.7, 5.8, 5.9) |
| June 15 | Due date franchise tax: Franchise taxes are due and delinquent on this date. (See N.J.A.C. 18:23-8.5, 8.6) |
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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