New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 5 - CIGARETTE TAX ACT RULES
Subchapter 9 - TAX A LIEN
Section 18:5-9.2 - Release of property from lien
Universal Citation: NJ Admin Code 18:5-9.2
Current through Register Vol. 56, No. 6, March 18, 2024
(a) The Director, upon the written application of a taxpayer and the payment of an amount equal to the cost of collection, may release any property from the lien of any tax, interest, fee, penalty, certificate, judgment, or levy imposed in accordance with the Act, provided, either:
1. Payment is made to the Director in such sum as he or she deems adequate consideration for such release;
2. A deposit is made of such sum as the Director deems adequate consideration for such release;
3. Deposit be made of security;
4. A bond is filed as the Director deems proper to secure the payment of any debt evidenced by any such tax, interest, penalty, judgment, certificate, or levy, the lien of which is sought to be released; or
5. Provided the Director is satisfied that payment of the sum due is otherwise provided for.
(b) The application for such release is to be in such form as shall be prescribed by the Director and is to contain an accurate description of the property to be released together with such information as the Director may require.
(c) Such release is to be given under the seal of the Director, and may be recorded in any office in which conveyances of real estate may be recorded.
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