N.J. Stat. § 54:49-12.9

Current through L. 2024, c. 80.
Section 54:49-12.9 - Powers of federal official
a. A federal official may:
(1) Certify to the State Treasurer the existence of a person's delinquent non-tax liability owed by the person to the federal government; and
(2) Request that the State Treasurer withhold any refund and vendor payment to which the person is entitled.
b. A federal official may certify and request the State Treasurer to withhold a refund or vendor payment only if the laws of the United States:
(1) Allow the State Treasurer, on behalf of the State, to enter into a reciprocal agreement with the United States, pursuant to which the federal official would be authorized to offset federal payments to collect delinquent tax and non-tax debts owed to the State; and
(2) Provide for the payment of the amount withheld to the State.
c. The Department of the Treasury may retain a portion of the proceeds of any collection setoff as provided under agreement with the federal official.

N.J.S. § 54:49-12.9

Added by L. 2006, c. 32, s. 3, eff. 7/8/2006.
L. 2006, c. 32, s. 8, states, "This act shall take effect immediately, provided however that sections 2 through 6 shall remain inoperative until the State Treasurer enters into the agreement authorized in section 1."