New Jersey § 54:40A-50 Additional penalties, schedule.

New Jersey Statutes

§ 54:40A-50 — Additional penalties, schedule.

New Jersey § 54:40A-50

Title 54TAXATION

This text of New Jersey § 54:40A-50 (Additional penalties, schedule.) 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. § 54:40A-50 (2026).

Text

5.In addition to any other remedies provided by law, the Director of the Division of Taxation in the Department of the Treasury shall assess penalties for violations of this act in accordance with the following schedule: a. a penalty of not less than $2,000 and not more than $4,000 for the first violation; b. a penalty of not less than $5,000 and not more than $7,000 for the second violation within a five-year period; c. a penalty of not less than $8,000 and not more than $10,000 for the third violation within a five-year period; d. a penalty of not less than $11,000 and not more than $13,000 for a fourth violation within a five-year period; and e. a penalty of $20,000 for a fifth or subsequent violation within a five-year period. L.2005, c.85, s.5; amended 2013, c.145, s.14.

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5. In addition to any other remedies provided by law, the Director of the Division of Taxation in the Department of the Treasury shall assess penalties for violations of this act in accordance with the following schedule: a. a penalty of not less than $2,000 and not more than $4,000 for the first violation; b. a penalty of not less than $5,000 and not more than $7,000 for the second violation within a five-year period; c. a penalty of not less than $8,000 and not more than $10,000 for the third violation within a five-year period; d. a penalty of not less than $11,000 and not more than $13,000 for a fourth violation within a five-year period; and e. a penalty of $20,000 for a fifth or subsequent violation within a five-year period. L.2005, c.85, s.5; amended 2013, c.145, s.14.