Title 54, Title 54: TAXATION

54:18-5 Revocation of authority of agent, broker, or insurer 54:18-5. If any such agent, broker or insurer fails, neglects or refuses to pay any percentage herein provided for, or to pay and satisfy any forfeiture or penalty adjudged to be due under the provisions of this chapter…

54:18-7 Effect of chapter on reciprocal legislation 54:18-7. This chapter shall not alter or abridge any reciprocal legislation existing between different states of the United States, in regard to the percentage of taxes collected and received for this State. The amount of premiu…

54:18-8 Use of monies 7. All monies received by the Treasurer of the New Jersey State Firemen's Association from the 2% tax on fire insurance premiums paid by insurance companies not organized in this State, on behalf of municipalities or fire districts which do not have a duly i…

54:18A-1. Annual tax return; payment by companies; dates due; credit (a) Every stock, mutual and assessment insurance company organized or existing under any general or special law of this State, hereinafter referred to as "domestic insurance company," and every stock, mutual and…

54:18A-1.1. Extension of time filing return; due date for payment The director may for reasonable cause extend the time, not to exceed 30 days, for filing any return under the rules and regulations as he shall prescribe, which rules and regulations may require the filing of a ten…

54:18A-1.2. Administration, collection and enforcement of tax imposed The administration, collection and enforcement of the tax imposed by P.L.1945, c. 132 shall be subject to the provisions of the state tax uniform procedure law as therein provided (subtitle 9 of Title 54 of the…

54:18A-1.3. Examination of returns, assessment 5. (a) (Deleted by amendment, P.L.1992, c.175). (b) (Deleted by amendment, P.L.1992, c.175). (c) The examination of returns and the assessment of additional taxes, penalties and interest shall be as provided in the State Tax Uniform …

54:18A-10. Partial invalidity If any section of this act, or any provision thereof, shall be declared to be unconstitutional, invalid or inoperative, in whole or in part, by a court of competent jurisdiction, such section or provision shall, to the extent that it is not unconstit…

54:18A-11. Effective date This act shall take effect immediately; except section nine which shall take effect July first, one thousand nine hundred and forty-five. L.1945, c. 132, p. 499, s. 18.

54:18A-1a. Equivalent of franchise tax to municipalities and counties a. To ensure that no county or municipality will experience a loss of revenue as a result of the repeal of the franchise tax on domestic insurance companies, the State Treasurer, upon warrant of the State Compt…

54:18A-2 Amount of tax, additional tax, percentage reduction. 2. (a) The tax specified in subsection (a) of section 1 of this act, except as to life insurance companies and except as to marine insurance as described by chapter 16 of Title 54 of the Revised Statutes, shall, except…

54:18A-3 Amount of tax, life insurance companies; additional tax. 3. Amount of tax, life insurance companies; additional tax. (a) The tax specified in subsection (a) of section 1 of this act as to life insurance companies, shall, except as hereinafter provided, be 2% upon the tax…

54:18A-4. Taxable premiums collected Subject to the provisions of section six of this act, the taxable premiums collected, as specified in section two hereof, shall consist of all gross premiums, policy fees, premium deposits and assessments provided for by the respective policie…

54:18A-5. Gross contract premiums Subject to the provisions of section 6 of this act, the taxable premiums, as specified in section 3 of this act, are hereby defined to be gross contract premiums provided for by the respective policies or contracts of insurance and collected by t…

54:18A-5.1. Life insurance companies; determination of annual tax For determining the annual tax payable by a life insurance company pursuant to the provisions of Title 54 of the Revised Statutes, the taxable premiums collected by the company under all policies or contracts of in…

54:18A-6 Maximum amount of taxable premiums. 6. a. In the event that the taxable premiums collected by any company, as specified in sections 2 and 3 of this act, and all of its affiliates as defined in the chapter entitled "Insurance Holding Company Systems," P.L.1970, c.22 (C.17…

54:18A-7. Time of payment The taxes imposed by this act shall be first payable in the year one thousand nine hundred and forty-five on the basis of taxable premiums and taxable considerations collected during the year ending December thirty-first, one thousand nine hundred and fo…

54:18A-8. Reports Every insurance company subject to the provisions of this act shall, on or before the first day of March of each year, make to the Commissioner of Insurance an annual report, signed and sworn to by an officer of the company, or by its United States manager, if a…

54:18A-9 Inapplicability to fraternal beneficiary society, certain insurance companies. 16. a. This act shall not apply to any fraternal beneficiary society. For the purposes of this act, "insurance company" shall include a corporation, and any person, partnership or unincorporat…

54:29A-1. Short title This act shall be known as the "railroad tax law of 1948." L.1941, c. 291, p. 774, s. 1. Amended by L.1948, c. 40, p. 114, s. 1.

54:29A-10. Grade crossing improvements exempt The value of the taxable property of each railroad used for railroad purposes shall be ascertained without including: (a) Any part of the cost of improvements, relocation, reconstruction, elimination or avoidance of highway grade cros…

54:29A-11. Assessment in lieu Taxes assessed pursuant to this act shall be in lieu of all other State or local taxation of or measured by property used for railroad purposes, including the main stem, tangible personal property and facilities used in passenger service, other than …

54:29A-12. Assessment procedure Property taxable under this act shall be assessed by the commissioner to each system and to each railroad not part of a system by which such property is used for railroad purposes. The assessment shall be made in the manner hereinafter provided. L.…

54:29A-13. Franchise excise An annual franchise tax is hereby levied upon all railroads operating within this State, which shall be assessed at the rate of 10% upon the net railway operating income of the preceding year, computed and allocated in the manner hereinafter provided, …

54:29A-14. Measure of franchise tax For the purpose of this article, net railway operating income shall be computed as total railway operating revenues from all sources, including any revenue whatever derived directly or indirectly from property which is used for railroad purpose…

54:29A-15. Assessment; franchise tax On or before July twenty-second in the year one thousand nine hundred and forty-eight and on or before June first in each year thereafter, the commissioner shall compute the franchise tax payable under this act and assess the amount thereof to…

54:29A-16. Local assessors; information returns The assessors in all taxing districts where property of a railroad not used for railroad purposes shall be assessed, if required so to do by the State Tax Commissioner, shall certify and send to the commissioner on or before the sec…

54:29A-17. Classification of railroad property; valuation of class II property; statement On or before November 1 in each year the commissioner shall determine and classify all real property used for railroad purposes in this State, into the following classes: I. The length of th…

54:29A-17.1. Valuation; improvements to capital facilities The value of all property used for railroad purposes of each railroad shall be ascertained without including any part of the value of improvements to capital facilities undertaken pursuant to the provision of a contract w…

54:29A-18.1. Inspection of classifications and valuations; informal conference; delivery of statement Any taxpayer may, prior to December 1 in each year, inspect the commissioner's classifications and valuations and confer informally with the commissioner as to the correctness of…

54:29A-2. Definitions As used in this act, unless the context clearly requires a different meaning: "Railroad" means any common carrier by railroad engaged in, owning or constructing facilities for, the transportation of persons or property in or through this State, other than a …

54:29A-21. Tax statements Within 10 days after completion of his assessment of franchise tax, the commissioner shall serve upon each taxpayer a statement of the total amount of franchise tax payable and the manner of computation thereof. The failure of any taxpayer to receive a s…

54:29A-22. Certification to Comptroller After completion of his assessments, the commissioner shall report and certify all assessments and the statements thereof to the State Comptroller. The several statements shall be recorded in books kept in the office of the State Comptrolle…

54:29A-23. Tax for State use All receipts from taxation of Class II railroad property together with the receipts from the franchise tax imposed hereunder shall be applied to the uses of the State according to law. L.1941, c. 291, p. 781, s. 23. Amended by L.1948, c. 40, p. 122, s…

54:29A-24.1. Replacement revenue to municipalities In order to provide replacement revenue to municipalities in which railroad property is located as a result of the imposition of a State tax on railroad property pursuant to this act, and the elimination of the allotment and paym…

54:29A-24.2. Definitions As hereinafter used in this act, the following words and terms shall have the following meanings, unless the text indicates or requires another or different meaning or intent: "Base year" means the year 1966. "Base value" means the value assessed by the c…

54:29A-24.3. Appropriation and payment of state aid; amount; adjustments State aid shall be appropriated and paid annually to each municipality in which railroad property is located in an amount equal to base tax revenue, subject to the following adjustments, except that no State…

54:29A-24.4. Payment to collector or other proper officer; time; manner The sums payable as State aid pursuant to this act shall be paid to the collector or other proper officer of each municipality entitled thereto on or before December 10 in each year by the State Treasurer on …

54:29A-24.5. Delivery of statement to municipality concerning state aid payable in following year Not later than December 15 of each year, the commissioner shall deliver to each municipality entitled to State aid under this act a statement of the State aid payable to such municip…

54:29A-24.6. Adjustments in valuation Notwithstanding any other provision of this act the valuation of Class II railroad property in each municipality used in the tax year 1966 for the purpose of determining equalized valuation for apportionment of the costs of county government,…

54:29A-25. Reassessment; property omitted a. Whenever the commissioner shall determine that any tax or taxes assessed pursuant to this act were less than or in excess of the amount thereof lawfully assessable, he may correct such deficiency or error by reassessing such tax, or an…

54:29A-26. Review of assessments; notice For the purpose of reviewing the assessments made pursuant to section twenty-five of this act, the commissioner shall sit on a day to be fixed by him, not later than twenty days after the making of the assessments, of which immediate notic…

54:29A-27. Period of limitations 27. Period of limitations. The power of the director to make reassessments or to assess omitted property under this act shall be as provided by the State Tax Uniform Procedure Law, R.S.54:48-1 et seq. L.1941,c.291,s.27; amended 1942,c.169,s.3; 194…

54:29A-28. Certification to Comptroller The commissioner shall certify the amount of the assessments to the Comptroller, in detail, and shall divide them into taxing districts so that the amount assessed for each year in each taxing district shall appear. The same remedies shall …

54:29A-29. Credit for taxes paid locally Any company having paid any tax for the omitted years under an assessment made upon that property or any part thereof by the local assessors, shall be entitled to receive a credit for such payment upon the assessment made under this act by…

54:29A-30. Disposition of receipts Any taxes collected upon assessments for omitted property or reassessments made by the commissioner shall be apportioned by the comptroller for the uses of the State and for local uses in the same manner as provided by the law for taxes levied u…