New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 3 - ALCOHOLIC BEVERAGE TAX ACT- STATE LICENSEES
Subchapter 2 - DESCRIPTION OF TAX, EXEMPTIONS, CREDITS OR REFUNDS
Section 18:3-2.18 - Tax credit memoranda issued by Division

Universal Citation: NJ Admin Code 18:3-2.18

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

(a) No deduction from any tax payment for a tax credit claimed to be due is permitted until a tax credit memorandum has been secured from the Division of Taxation authorizing the credit.

(b) When a credit is authorized, the original and one copy of the memorandum is sent to the taxpayer. The original must be returned with the report which sets forth the credit as a deduction.

(c) Where a deduction has been made from a tax payment for a credit which has not been so authorized, or if a deduction has been made from a tax payment for an authorized credit without submitting the original tax credit memorandum with the report, an assessment will be levied for the amount deducted, plus penalty and interest as provided in the State Tax Uniform Procedure Law, 54:48-1 et seq.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.