N.J. Admin. Code § 18:7-13.11

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:7-13.11 - Lien of tax

(a) The tax imposed by the Act, including the required tax prepayment for accounting periods ending March 31, 1968, and thereafter, shall constitute a lien on all the taxpayer's property and franchises on and after January 1 of the year next succeeding the year in which it is due and payable.

1. All interest, penalties, and costs of collection that fall due or accrue shall be added to and become a part of this lien;

2. The lien date is not affected by an extension of time that may be granted for filing the return.

(b) Notwithstanding the provisions of any other law, all such taxes, interest, penalties, and costs imposed or incurred under the Act, whether levied or assessed or not, shall unless sooner paid continue and remain a lien on all of the taxpayer's property and franchises until the expiration of ten years after January 1 of the year in which they become due and payable.

N.J. Admin. Code § 18:7-13.11

Amended by 49 N.J.R. 1694(a), effective 6/19/2017