Title 54, Title 54: TAXATION

54:11-7. Judgment for tax due; execution to issue In an action pursuant to section 54:11-6 of this Title, the court shall ascertain the amount of taxes remaining due and unpaid by the corporation to this State and enter judgment for the amount so ascertained. Thereupon execution …

54:11-8. Transfer of intangible corporate assets to receiver for sale If no property which may be seized and sold on execution shall be found within this State sufficient to pay the judgment, the court shall further order and adjudge that the corporation shall, within ten days af…

54:11-9. Sale of intangible corporate assets; disposition of proceeds After transfer to him of corporate assets as provided in section 54:11-8 of this title, the receiver or trustee shall, after such notice and in such manner as required for the sale under fieri facias of persona…

54:11D-1. Annual appropriation; allocation The Legislature shall appropriate annually not less than the amount certified by the Director of the Division of Taxation on October 15, 1976, for payment to the municipalities of this State in replacement of the revenues derived by such…

54:11D-5. Annual payment and distribution to municipalities The State Treasurer annually, on or before the date set forth in section 6 of this act, upon the warrant of the State Comptroller, shall pay and distribute to each municipality its entitlement determined in accordance wi…

54:11D-6. Distribution The distribution required to be made by the State Treasurer under this act shall be made annually as follows: 50 percent of the amount appropriated shall be payable annually on July 5, 25 percent on August 1 and 25 percent on November 1 of each year. L.1966…

54:11D-7. Apportionment of amounts to be raised in taxing districts; equalization table; assumed assessed value of property For the purpose of apportioning the amounts to be raised in the respective taxing districts of the county under Revised Statutes 54:4-49, the county board o…

54:11D-8. Review No appeal or review may be taken by any person or any municipality with respect to any of the provisions of this act except in the case of an arithmetical or typographical error in the calculation of the distribution hereunder. L.1966, c. 135, s. 8.

54:11D-9. Rules and regulations; delegation of powers (a) The Director of the Division of Taxation is authorized to make such rules and regulations, and to require such facts and information from local tax assessors, county boards of taxation and agencies of the State Government …

54:12-1. Books, records and documents; custody All books, accounts, blanks, papers, documents and other records delivered and transferred to the state tax commissioner by virtue of an act entitled "A supplement to chapter three hundred and thirty-seven of the laws of nineteen hun…

54:14-1. Time when taxes due; notification of deductions; interest charged The taxes imposed under the provisions of articles one and two of chapter thirteen of this Title shall be due, in each case on the first day of January of the year with respect to which the tax is imposed …

54:14-2. Book, records, etc. to Director of Division of Taxation if required The Director of the Division of Taxation in the Department of Treasury may require of a corporation subject to tax under chapters 12 to 15 of Title 54 of the Revised Statutes (R.S. 54:12-1 et seq.), such…

54:14-3. Penalty upon failure to produce books or records A company failing to produce its books and other records or submit them for examination upon demand of the state tax commissioner, shall be liable to a penalty of one hundred dollars and an additional penalty of ten dollar…

54:14-5. Action at law to recover tax; preferred debt in case of insolvency A tax assessed and imposed by chapters 12 to 15 of this title (s. 54:12-1 et seq.), shall be a debt due from the corporation to the state for which an action at law may be maintained after the same shall …

54:14-6. Injunctive relief against exercise of powers by delinquent corporation In addition to other remedies for the collection of a tax imposed by chapters twelve to fifteen of this Title (s. 54:12-1 et seq.), when the same shall have been in arrears for three months after beco…

54:15-1. Appeal to tax court A corporation which considers a tax levied or assessed under the provisions of chapters 12 to 14 of this title ( R.S. 54:12-1 et seq.) to be excessive or otherwise unjust may appeal to the tax court in accordance with the provisions of the State Tax U…

54:15-2. Investigation by board; examination of corporation officers and books The state board of tax appeals shall thereupon investigate the contentions raised by the petition of appeal. For the purpose of such hearing the officers of the corporation may be summoned to appear be…

54:15-3. Correction of tax; penalties in certain cases If a majority of the state board of tax appeals finds the tax so levied to be excessive or unjust, it shall thereupon require the officers of the corporation to file with the board a return or corrected return, and upon the r…

54:15B-1. Short title 1. This act shall be known and may be cited as the "Petroleum Products Gross Receipts Tax Act." L.1990,c.42,s.1.

54:15B-10 Reimbursement of petroleum products tax to federal entity. a. A federal government department, agency or instrumentality, that purchases petroleum products other than by the first sale of that product in this State for use in a federal government function or operation, …

54:15B-11. Payment of reimbursement, fraudulent collection, fourth degree crime a. Upon approval by the director of an application for reimbursement, a warrant shall be drawn upon the State Treasurer for the amount of such claim in favor of the claimant and the warrant shall be p…

54:15B-12. Recognition as licensed company, direct payment of taxes Licensed distributors pursuant to R.S.54:39-17, "commercial consumers," that are deemed to include those companies that purchase, consume, blend or distribute substantial quantities of petroleum products in the S…

54:15B-13 Tax levied on persons holding certain fuels. 17. a. There is levied a tax on persons, other than licensed companies pursuant to section 6 of P.L.1991, c.181 (C.54:15B-12), holding the fuels enumerated in subparagraph (a) of paragraph (2) of subsection a. of section 3 of…

54:15B-14 Fuel dealers, distributors, certain, refunds permitted, "bad debt" defined. 1. a. A distributor of motor fuels licensed pursuant to section 33 of P.L.2010, c.22 (C.54:39-133) or a person that has been recognized as a licensed company pursuant to section 6 of P.L.1991, c…

54:15B-2 Definitions. 2. For the purposes of this act: "Aviation fuel" means aviation gasoline or aviation grade kerosene or any other fuel that is used in aircraft. "Aviation gasoline" means fuel specifically compounded for use in reciprocating aircraft engines. "Aviation grade …

54:15B-2.1 Receipts not included as gross receipts. 7. a. "Gross receipts," as otherwise defined by section 2 of P.L.1990, c.42 (C.54:15B-2), shall not include receipts from sales of petroleum products used by marine vessels engaged in interstate or foreign commerce and receipts …

54:15B-2.2. Definitions; phase out of petroleum products gross receipts tax 1. a. "Gross receipts" shall not include that percent of receipts, as provided in subsection b. of this section, from sales of petroleum products used by a utility, a co-generation facility or a wholesale…

54:15B-3 Petroleum products tax. 3. a. (1) (a) There is imposed on each company which is engaged in the refining or distribution, or both, of petroleum products other than highway fuel and aviation fuel and which distributes such products in this State a tax at the rate of seven …

54:15B-4. Additional tax 4. The taxes imposed under the provisions of section 3 of this act shall be in addition to any other tax imposed by this State on such company. L.1990,c.42,s.4.

54:15B-5. Gross receipts; credit against petroleum products tax 5. a. Gross receipts of a company making first sales of petroleum products within this State shall not include consideration derived from the first sale of petroleum products within this State sold for exportation fr…

54:15B-6. Registration with director 6. A company subject to tax under the provisions of this act shall, within 20 days after the first transaction subjecting such company to the provisions of this act, register with the director on such forms as the director shall prescribe. The…

54:15B-7 Filing of return; payment of tax. 7. a. A company subject to tax under P.L.1990, c.42 (C.54:15B-1 et seq.) shall, on or before the 25th day of a month, file a remittance to the director on such forms as may be prescribed by the director and pay the full amount of the tax…

54:15B-8 Determination of tax due; powers of director. 8. a. (1) If a return required by this act is not filed, or if a return when filed is incorrect or insufficient in the opinion of the director, the amount of tax due shall be determined by the director from the information av…

54:15B-9 Payment of petroleum products tax, nonpayment, fourth degree crime. 2. a. A person who shall purchase or otherwise acquire petroleum products, upon which the petroleum products gross receipts tax has not been paid and is not due pursuant to subsection b. of section 5 of …

54:15C-1 Tax on transfer of controlling interest in certain commercial property. 3. a. (1) (a) There is imposed and shall be paid a tax upon the sale or transfer for consideration in excess of $1,000,000 of a controlling interest in an entity which possesses, directly or indirect…

54:16-1. Definition of marine insurances As used in this chapter "marine insurances" means insurance contracts upon hulls, freights, or disbursements, or upon goods, wares, merchandise and all other personal property and interests therein, in course of exportation from, importati…

54:16-10. Due date of tax Each insurer subject to the tax provided by this chapter shall, within fifteen days after receipt of notice from the state tax commissioner of the amount thereof pay the same to the state tax commissioner.

54:16-2. Imposition of tax With the exception of license fees, real estate and personal property taxes and taxes under the reciprocal provisions of section 17:32-12 of the title Corporations and Institutions for Finance and Insurance, every insurer organized, admitted or licensed…

54:16-3. Underwriting profit; how computed The term "underwriting profit" as used herein shall be computed by deducting from the net earned premiums on the marine insurances written within the United States during the calendar year, a. The losses incurred, and b. Expenses incurre…

54:16-4. Net earned premiums; how computed Net earned premiums on marine insurances written within the United States during the calendar year shall be computed as follows: a. Gross premiums on marine insurances written within the United States during the calendar year, less any a…

54:16-5. Losses incurred; definition As used in this chapter "losses incurred" means gross losses incurred during the calendar year under such marine insurances written within the United States, less reinsurance claims collected or collectible and salvages or recoveries collectib…

54:16-6. Expenses incurred; how computed In computing the underwriting profit, expenses incurred shall include: a. Specific expenses incurred on such earned marine premiums, consisting of all commissions, agency expenses, taxes, licenses, fees, loss-adjustment expenses, and all o…

54:16-7. Reports by marine insurance companies Every insurer transacting marine insurance in this state shall file, on or before the first day of April in each year, with the commissioner of banking and insurance, and in the form prescribed by him, a report of all the items perta…

54:16-8. Computation of tax 54:16-8. Computation of tax. If the Commissioner of Insurance finds the report of the insurer to be correct he shall ascertain the tax to be paid by the insurer, in the following manner: a. If the insurer has written marine insurances in this State for…

54:16-9. Report of commissioner of banking and insurance to tax commissioner When the commissioner of banking and insurance has computed the tax on an insurer's underwriting profit he shall report to the state tax commissioner all facts necessary to enable the state tax commissio…

54:17-6. Payments reported to comptroller The state tax commissioner shall annually make a complete report to the state comptroller of the amounts of money distributed by him in accordance with the provisions of section 54:17-4 of this title.