Sponsored by:
Assemblyman RONALD S. DANCER
District 12 (Burlington, Middlesex, Monmouth and Ocean)
SYNOPSIS
Allows 45 day extension for filing a return under the sales tax during state of emergency related to COVID-19 pandemic.
CURRENT VERSION OF TEXT
As introduced.
An Act allowing a 45 day extension for filing a return under the sales tax during state of emergency related to the COVID-19 pandemic.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Notwithstanding sections 17 and 18 of P.L.1966, c.30 (C.54:32B-17 and C.54:32B-18) or any other provision of law to the contrary, for the time that Executive Order No. 103 of 2020 is in effect, every person required to collect or pay tax and file a return under the “Sales and Use Tax Act,” P.L.1966, c.30, shall be allowed a 45 day extension from the date a return or payment is due.
2. This act shall take effect immediately and apply for the duration that Executive Order No. 103 of 2020 is in effect.
STATEMENT
This bill allows a 45 day extension for filing sales tax returns and making the payment of the taxes collected. Generally, sales tax returns must be filed with the Division of Taxation on a quarterly basis and payments of sales tax collections must be made on either a quarterly or monthly basis.
On March 9, 2020, the Governor declared a state of emergency due to the COVID-19 pandemic. Because of the pandemic, the cash flow of many businesses has been disrupted thereby hampering the ability of many businesses to pay the sales tax they collected and file their returns. The extension allowed by this bill provides a form of relief to such businesses.