Statutes, codes, and regulations
New Jersey Administrative Code
Title 18 - TREASURY - TAXATIONChapter 2 - GENERAL POLICIES AND PROCEDURES
Subchapter 7 - RECORDKEEPING AND RETENTION REQUIREMENTS
Section 18:2-7.7 - Taxpayer responsibility and discretionary authority

N.J. Admin. Code § 18:2-7.7

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Current through Register Vol. 56, No. 24, December 18, 2024
Section 18:2-7.7 - Taxpayer responsibility and discretionary authority
(a) In conjunction with meeting the requirements of N.J.A.C. 18:2-7.4, a taxpayer may create files solely for the use of the Director. For example, if a data base management system is used, it is consistent with this section for the taxpayer to create and retain a file that contains the transaction-level detail from the data base management system and that meets the requirements of N.J.A.C. 18:2-7.4. The taxpayer shall document the process that created the separate file to show the relationship between that file and the original records as required by N.J.A.C. 18:2-7.6(d).
(b) A taxpayer may contract with a third party to provide custodial or management services of the records. Such a contract does not relieve the taxpayer of its responsibilities under this subchapter.

N.J. Admin. Code § 18:2-7.7

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