New Jersey § 54:50-23 Write off of debts classified uncollectible

New Jersey Statutes

§ 54:50-23 — Write off of debts classified uncollectible

New Jersey § 54:50-23

Title 54TAXATION

This text of New Jersey § 54:50-23 (Write off of debts classified uncollectible) 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. § 54:50-23 (2026).

Text

The Director of the Division of Taxation may write off those tax debts that are classified as uncollectible arising from the nonpayment of any State tax, penalty, interest or fee imposed for the cost of collection in compliance with generally accepted accounting principles. The term "debts that are classified as uncollectible" shall be defined by regulation promulgated by the Director of the Division of Taxation and adopted with the approval of the State Treasurer. L. 1987, c. 76, s. 64.

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The Director of the Division of Taxation may write off those tax debts that are classified as uncollectible arising from the nonpayment of any State tax, penalty, interest or fee imposed for the cost of collection in compliance with generally accepted accounting principles. The term "debts that are classified as uncollectible" shall be defined by regulation promulgated by the Director of the Division of Taxation and adopted with the approval of the State Treasurer. L. 1987, c. 76, s. 64.