N.J. Admin. Code § 18:2-3.8

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

Section 18:2-3.8 - Penalties and interest for late EFT payments

(a) If an EFT payment is deposited later than the date required by N.J.A.C. 18:2-3.5(a), the Director shall, for the period between the required and the actual deposit date, assess late payment penalties and interest as provided under the State Uniform Tax Procedure Law or under the pertinent State tax law.

(b) If the availability of funds for EFT payment is delayed, and if the taxpayer shows, to the satisfaction of the Director, that the delay was due to reasons beyond the control of the taxpayer, the Director shall abate penalties and interest. Circumstances such as the taxpayer's poor financial condition, by itself, will not be deemed to be a reason beyond the control of the taxpayer.

N.J. Admin. Code § 18:2-3.8

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