N.J. Admin. Code § 18:23-6.3

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

Section 18:23-6.3 - Credit for taxes paid locally on omitted property

(a) Any taxpayer will be given credit against the assessment for the railroad property tax for the local tax paid if the taxpayer:

1. Has omitted property subject to the Act (section 6.2 of this chapter); and

2. Has been required to pay the railroad property tax on the omitted property pursuant to N.J.A.C. 18:23-6.2; and

3. Has paid to the local taxing district whatever local property tax was assessed against the omitted property; and

4. Has submitted satisfactory proof of such payment to the Director and to the Tax Court, if the matter is pending before it.

N.J. Admin. Code § 18:23-6.3

Amended by 49 N.J.R. 456(b), effective 3/6/2017