N.J. Admin. Code § 18:5-8.14

Current through Register Vol. 56, No. 24, December 18, 2024

Section 18:5-8.14 - Written agreements final for tax liability

(a) The Director is authorized to enter into a written agreement with any taxpayer relating to the liability of such taxpayer in respect to any tax, fee, penalty, or interest heretofore or hereafter imposed by the Act.

(b) The agreement shall be final and conclusive, and except upon a showing of fraud, malfeasance, or misrepresentation of a material fact:

1. Shall not be reopened as to the matters agreed upon or the agreement modified, by any officer, employee, or agent of the State of New Jersey; and

2. Shall not be annulled, modified, set aside, or disregarded in any suit, action, or proceeding, such agreement, or any determination, assessment, collection, payment, refund, cancellation, or credit made in accordance therewith.

N.J. Admin. Code § 18:5-8.14

Amended by 49 N.J.R. 1912(b), effective 7/3/2017