N.J. Admin. Code § 18:22-12.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:22-12.1 - Payment of tax; place and time

(a) Each taxpayer, upon receipt of the tax statement prescribed in N.J.A.C. 18:22-11.7, shall be liable for the amount of taxes specified and shall pay such taxes in accordance with the schedule listed in (b) below.

(b) These taxes are payable in three installments as follows:

1. Thirty-five percent of the tax payable, or the total tax payable if the taxpayer so desires, no later than 15 days after the date of certification of the computation by the Director pursuant to N.J.A.C. 18:22-11.7.

2. Thirty-five percent of the tax payable on or before August 15 of the tax year; and

3. Thirty percent of the tax payable on or before November 15 of the tax year.

N.J. Admin. Code § 18:22-12.1

Amended by 49 N.J.R. 1103(a), effective 5/1/2017