New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 4 - COMPROMISES (INHERITANCE AND ESTATE TAXES)
Section 18:26-4.3 - Payment pursuant to compromise

Universal Citation: NJ Admin Code 18:26-4.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Any compromise or settlement is considered null and void unless the amount agreed to be paid is paid pursuant thereto within the time or times fixed in said agreement and in such event all payments made thereunder belongs to the State and will be credited to the arrears of taxes and interest or interest and penalties due. The person making payment is entitled to a receipt conforming to N.J.S.A. 54:35-8, which may be recorded as allowed under N.J.S.A. 54:35-9.

(b) If a judgment or decree has been entered in favor of the State of New Jersey for unpaid taxes, the Treasurer or Director, upon payment of the amount agreed upon or upon determination that the assessment be cancelled, will execute and record a satisfaction of the lien, claim, judgment, or decree in accordance with the facts.

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