54:4-2.49 - Failure to file return;Ā penalty
54:4-2.49.Ā Failure to file return;Ā penalty
If any taxpayer shall refuse or neglect to file a return as required by theĀ preceding section, the assessor shall value the taxable personal property ofĀ such taxpayer at such amount as he may, from any information in his possessionĀ or available to him, reasonably determine to be the taxable value at which suchĀ property is assessable.Ā Any taxpayer who fails or neglects to file a returnĀ within the time required shall be assessed a penalty of $100.00 for each day ofĀ such delinquency, but not in excess of the greater of $100.00 or 25% of theĀ tax.Ā All penalties shall be added to and become part of the tax and shall beĀ enforceable and collectible in the same manner as the tax or pursuant to theĀ penalty enforcement law (chapter 58 of Title 2A of the New Jersey Statutes) inĀ a summary manner.Ā Such penalties shall be assessed by the assessor and beĀ payable to and recoverable by the tax collector of the taxing district.Ā TheĀ assessor, upon request made on or before the last date for filing any return asĀ fixed by law, may extend the time to file such return to a date not later than the end of a 2-month period next following such last date for filing, for goodĀ cause shown.
L.1966, c. 138, s. 7.
Ā
If any taxpayer shall refuse or neglect to file a return as required by theĀ preceding section, the assessor shall value the taxable personal property ofĀ such taxpayer at such amount as he may, from any information in his possessionĀ or available to him, reasonably determine to be the taxable value at which suchĀ property is assessable.Ā Any taxpayer who fails or neglects to file a returnĀ within the time required shall be assessed a penalty of $100.00 for each day ofĀ such delinquency, but not in excess of the greater of $100.00 or 25% of theĀ tax.Ā All penalties shall be added to and become part of the tax and shall beĀ enforceable and collectible in the same manner as the tax or pursuant to theĀ penalty enforcement law (chapter 58 of Title 2A of the New Jersey Statutes) inĀ a summary manner.Ā Such penalties shall be assessed by the assessor and beĀ payable to and recoverable by the tax collector of the taxing district.Ā TheĀ assessor, upon request made on or before the last date for filing any return asĀ fixed by law, may extend the time to file such return to a date not later than the end of a 2-month period next following such last date for filing, for goodĀ cause shown.
L.1966, c. 138, s. 7.
Ā