N.J. Admin. Code § 18:34-1.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:34-1.4 - Application submission requirements

(a) An application requesting that the Director purchase an eligible program tax credit shall be in the format prescribed by the Division and must include:

1. Taxpayer information, which shall include the following:

i. The name of the taxpayer. If the eligible program tax credit is issued under an affiliate, assignee, or coapplicant, the name(s) of all relevant and related parties;

ii. Any other name(s) under which the taxpayer conducts business, if applicable;

iii. The name, telephone number, and email address of the primary contact person, and, if different, the name, telephone number, and email address of a person with authority to sign contracts and other binding agreements on behalf of the taxpayer;

iv. The taxpayer's business address and business phone number;

v. The taxpayer's New Jersey tax identification number and the Federal tax identification number;

vi. A copy of the tax credit certificate or tax credit transfer certificate for the eligible program tax credit that the taxpayer is requesting the Director to purchase;

vii. A tax clearance certificate, as required pursuant to N.J.S.A. 54:50-39;

viii. Evidence of the taxpayer's good faith efforts to utilize or transfer a credit by the taxpayer; and

ix. Any other necessary and relevant information as may be required by the Director, in writing, for a specific application; and

2. The application fee as provided at N.J.A.C. 18:35-1.5.

(b) The taxpayer must submit the application by certified mail or other package delivery service with means to track submissions and/or other proof of delivery. The taxpayer bears the burden of proving, through tracked submissions and/or proof of delivery, that the taxpayer timely filed the application, as required pursuant to this section.

(c) The Director may require the submission of additional information to complete the application or may require the resubmission of the entire application, if incomplete.

N.J. Admin. Code § 18:34-1.4

Adopted by 54 N.J.R. 1641(b), effective 8/15/2022