New Jersey § 54:4-2.40 Failure to file return;  penalty

New Jersey Statutes

§ 54:4-2.40 — Failure to file return; penalty

New Jersey § 54:4-2.40

Title 54TAXATION

This text of New Jersey § 54:4-2.40 (Failure to file return; penalty) 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. § 54:4-2.40 (2026).

Text

Any property owner required to file a return under this act, who fails or neglects to file a return within the time prescribed herein or who shall file a willfully false or fraudulent return, shall be assessed as a penalty of $25.00 per day for each day of delinquency provided that the total penalty for such property owner shall not exceed $500.00 and, provided, further, that in the case of a taxpayer whose business personal property, at cost, does not exceed $25,000.00, there shall be imposed in lieu of such a penalty the appropriate penalty listed below: $5.00 where the delinquency does not exceed 30 days; $10.00 where the delinquency does not exceed 60 days; $20.00 where the delinquency does not exceed 90 days; $25.00 for each additional 30 days in excess of 90 days, provided that in no

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Any property owner required to file a return under this act, who fails or neglects to file a return within the time prescribed herein or who shall file a willfully false or fraudulent return, shall be assessed as a penalty of $25.00 per day for each day of delinquency provided that the total penalty for such property owner shall not exceed $500.00 and, provided, further, that in the case of a taxpayer whose business personal property, at cost, does not exceed $25,000.00, there shall be imposed in lieu of such a penalty the appropriate penalty listed below: $5.00 where the delinquency does not exceed 30 days; $10.00 where the delinquency does not exceed 60 days; $20.00 where the delinquency does not exceed 90 days; $25.00 for each additional 30 days in excess of 90 days, provided that in no event shall the total penalty for such property owner exceed $100.00. All penalties shall be enforceable and collectible by the Director, Division of Taxation pursuant to the penalty enforcement law (chapter 58 of Title 2A of the New Jersey Statutes) in a summary manner. The director, if satisfied that the failure to file on time was excusable, may abate or remit the whole or part of any penalty. L.1963, c. 9, s. 4.