N.J. Admin. Code § 18:14-2.7

Current through Register Vol. 56, No. 19, October 7, 2024

Section 18:14-2.7 - Proof of tax year income; post-tax year anticipated income statement

(a) A claimant's tax year income and post-tax year anticipated income statements are to be submitted on the form approved by the Director, and furnished by the taxing district in which such statements are required to be filed. Each tax collector may require the claimant to submit documented proof to verify such statements as he or she considers necessary.

(b) A claimant's failure to file the statement within time provided or to submit such proof as the collector considers necessary to verify a statement, or if it is determined that the claimant's income exceeded the applicable annual income limit for said tax year, then the tax deduction for said tax year will be disallowed and the taxes in the amount of said deduction will be payable on or before June 1 of the post-tax year.

(c) Any taxes due under (b) above and not paid on or before June 1 of the post-tax year, constitute a lien on the property of the person liable for the tax and become a personal debt of such person.

(d) Only that income earned between January 1 and December 31 of the tax year is considered when determining the annual income limit.

N.J. Admin. Code § 18:14-2.7

Amended by 49 N.J.R. 277(a), effective 2/6/2017