New Jersey § 54:30A-54.5 Credit of advance payment as partial payment in preceding year

New Jersey Statutes

§ 54:30A-54.5 — Credit of advance payment as partial payment in preceding year

New Jersey § 54:30A-54.5

Title 54TAXATION

This text of New Jersey § 54:30A-54.5 (Credit of advance payment as partial payment in preceding year) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 54:30A-54.5 (2026).

Text

In the calculation of the tax due in accordance with section 6 of P.L.1940, c. 5 (C. 54:30A-54), in the year 1980 and in each year thereafter, every person, copartnership, association or corporation subject to tax hereunder shall be entitled to a credit in the amount of the tax hereunder as a partial payment in the preceding year and shall be entitled to the return of any amount so paid which shall be found to be in excess of the total amount payable in accordance with P.L.1940, c. 5 and this act. L.1979, c. 36, s. 2, eff. March 2, 1979.

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In the calculation of the tax due in accordance with section 6 of P.L.1940, c. 5 (C. 54:30A-54), in the year 1980 and in each year thereafter, every person, copartnership, association or corporation subject to tax hereunder shall be entitled to a credit in the amount of the tax hereunder as a partial payment in the preceding year and shall be entitled to the return of any amount so paid which shall be found to be in excess of the total amount payable in accordance with P.L.1940, c. 5 and this act. L.1979, c. 36, s. 2, eff. March 2, 1979.