N.J. Admin. Code § 18:7-19.3

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

Section 18:7-19.3 - Installment payment

(a) Each professional corporation required to make a payment of the professional corporation filing fee shall, on or before the 15th day of the fourth month of its fiscal year, make an installment payment of its filing fee for the succeeding return period. The amount of the installment payment is 50 percent of the amount required to be paid for the present fiscal year.

(b) The amount of the installment payment shall be credited against the amount of the filing fee due for the succeeding return period. If the amount exceeds the fee due for the succeeding return period, the excess shall be credited against the amount for succeeding return periods.

(c) If a professional corporation dissolves, the corporation is not required to make a prepayment of the fee for the succeeding taxable period.

N.J. Admin. Code § 18:7-19.3

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