N.J. Admin. Code § 18:2-10.5

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

Section 18:2-10.5 - Interim Tax Clearance Certificate

(a) If the Director determines that the person or business entity has not filed all of the required tax and information returns or has not paid all tax, penalties, interest, or fees due, the Director shall issue a notice of delinquency or deficiency listing unfiled returns or balances due. The Director may require a person to resolve all delinquencies and deficiencies before a Tax Clearance Certificate is issued, or upon review of the total circumstances, the Director may issue an Interim Tax Clearance Certificate if it has been established to the satisfaction of the Director that the person or entity will resolve all such delinquencies or deficiencies within a specified time period.

1. The issuance of an Interim Tax Clearance Certificate is solely at the discretion of the Director based upon the receipt and confirmation of information that will allow the Director to determine that it is in the best economic interest of the State to issue the Interim Tax Clearance Certificate prior to full payment of all tax delinquencies and deficiencies.

2. Prior to an Interim Tax Clearance Certificate being issued to an applicant who may have outstanding tax issues to resolve, the Director shall determine and demand a pre-payment of those tax liabilities to be held in escrow.

N.J. Admin. Code § 18:2-10.5

Amended by 47 N.J.R. 3150(a), effective 12/21/2015