New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 7 - CORPORATION BUSINESS TAX ACT
Subchapter 14 - TAX CLEARANCE
Section 18:7-14.5 - Streamlined dissolution or withdrawal procedure
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Notwithstanding any rule or regulation to the contrary, the streamlined dissolution or withdrawal process begins when a corporation submits all required forms with proper remittance to:
New Jersey Division of Revenue and Enterprise Services
Business Liquidations
PO Box 308
Trenton, NJ 08625
(b) Remittance shall be in the form of a single check or money order payable to "Treasurer, State of New Jersey" in the amount of $ 120.00. This amount represents the formerly separate $ 25.00 fee to the New Jersey Division of Taxation and the $ 95.00 dissolution fee to the Division of Revenue and Enterprise Services. The full payment shall be forfeited if the applicant does not complete the tax clearance procedure.
(c) The applicant's tax eligibility will be deemed ended with the Division of Taxation on the date the application for dissolution or withdrawal is accepted by the Division of Revenue and Enterprise Services, provided that the tax clearance procedure is successfully concluded with the Division of Taxation. Although the business tax eligibilities end before the issuance of the Tax Clearance Certificate, all prior tax obligations remain payable and must be satisfied before a Tax Clearance Certificate will be issued. If a Tax Clearance Certificate is not issued, the business tax eligibilities of the taxpayer will be reactivated as if there had been no lapse in subjectivity.
(d) The application procedures to merge or consolidate corporations or reauthorize a foreign corporation remain unchanged.
