reglab/housing_qa huggingface dataset:
NJ Rev Stat § 54:4-2.27 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.27 - Time for establishment of percentage level of taxable value; uniform application; alteration; failure to establish

54:4-2.27. Time for establishment of percentage level of taxable value; uniform application; alteration; failure to establish  Each county board of taxation shall, by resolution, establish the percentage level of taxable value of real property on or before June 1, 1964 as to the tax year 1965 and thereafter on or before April 1 of the year preceding the tax year, and the level so established shall be applied uniformly in such county for the purpose of assessing the taxable values to be used in levying taxes for the calendar year next succeeding the year in which such level was established. The level so established may be altered by any such board by establishing, on or before the date fixed by this section in any year, a new level; but the percentage level last established pursuant to this act shall remain in full force and effect for a period of not less than 3 years and until altered as provided in this section. In the event that the county board of taxation for any county shall fail to initially establish the percentage level for such county, then until the same shall be done the level of assessment shall be 50% of the true value. The secretary of the county board of taxation, not later than June 10, 1964 and April 10 of each year, shall mail to the Director of the Division of Taxation, to each assessor and board of assessors, and to the municipal clerk of each municipality within the county, a copy of such resolution, or, if such resolution was not adopted, a statement to that effect. L.1960, c. 51, s. 3. Amended by L.1964, c. 83, s. 1.
NJ Rev Stat § 54:4-2.31 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.31 - Personal property classifications; rules and regulations

54:4-2.31. Personal property classifications; rules and regulations  The director shall make, promulgate and enforce uniform rules and regulations for ascertaining whether property is real or personal and for identifying and determining the several personal property classifications. L.1960, c. 51, s. 9.
NJ Rev Stat § 54:4-2.32 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.32 - Partial invalidity

54:4-2.32. Partial invalidity  If any clause, sentence, paragraph, section or part of this act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, section or part thereof directly involved in the controversy in which such judgment shall have been rendered. L.1960, c. 51, s. 36.
NJ Rev Stat § 54:4-2.33 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.33 - Repeals

54:4-2.33. Repeals  Sections 54:1-31, 54:1-32, and 54:4-3.16 of the Revised Statutes are hereby repealed but only in respect to the taxation of property for the year 1962 and thereafter. L.1960, c. 51, s. 37.
NJ Rev Stat § 54:4-2.34 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.34 - Applicability of act

54:4-2.34. Applicability of act  Section 13 of this act shall apply to taxes on tangible household personal property and personal effects due and payable in the year 1962 and thereafter, and the remainder of this act shall apply to real and personal property taxes due and payable in the year 1965 and thereafter, and shall not affect the obligation, lien, or duty to pay any taxes, interest or penalties which have accrued or may accrue by virtue of any assessment made or which may be made with respect to taxes levied for any year prior to the year 1965, nor shall this act affect the legal authority to assess and collect taxes which may be or have been due and payable prior to January 1, 1965, together with such interest and penalties as would have accrued thereon under any provision of law amended or repealed hereby; nor shall this act invalidate any assessments or affect any proceeding for the enforcement thereof pending upon the effective date of this act or upon January 1, 1965, or during the period between said dates. L.1960, c. 51, s. 38. Amended by L.1961, c. 17, p. 93, s. 1; L.1961, c. 72, p. 599, s. 2; L.1962, c. 20, s. 1; L.1963, c. 9, s. 1, eff. April 1, 1963.
NJ Rev Stat § 54:4-2.35 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.35 - Intention of legislature

54:4-2.35. Intention of legislature  It is the intention of the Legislature that all pertinent statutes be revised in order that they may reflect the policies embodied in the provisions of this act, and for that purpose the State Treasurer is hereby directed to prepare, or cause to be prepared, an appropriate study and analysis of the statutory law relating to taxation and to report to the Legislature what provisions thereof require amendment, supplement or repeal in order that the same may be consistent with this act, and to recommend legislation for the purpose. L.1960, c. 51, s. 39.
NJ Rev Stat § 54:4-2.37 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.37 - Time of performance

54:4-2.37. Time of performance  Whenever, under the act to which this act is amendatory and supplementary, an act is required to be performed upon a date in 1961, such act shall be performed on the corresponding date in 1963. L.1962, c. 20, s. 2.
NJ Rev Stat § 54:4-2.38 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.38 - Time of performance

54:4-2.38. Time of performance  Whenever, under the act to which this act is amendatory and supplementary, an act is required to be performed upon a date in 1961, such act shall be performed on the corresponding date in 1964. L.1963, c. 9, s. 2.
NJ Rev Stat § 54:4-2.39 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.39 - Return of tangible personal property used in business

54:4-2.39. Return of tangible personal property used in business  On or before August 1, 1963, each person owning tangible personal property used in business within the taxing district during any part of the 12-month period ending December 31, 1962 shall prepare and file with the Director of the Division of Taxation an appropriate return of such personal property in such form and containing such information relating thereto as the director prescribed for the year 1963 pursuant to the provisions of the act hereby supplemented, in Returns of Tangible Personal Property used in Business, forms PT-1, PT-1A and PT-1F and implementing instructions and regulations. Said forms, instructions and regulations shall be revised as necessary to carry out the purposes of this act. The returns shall list such property, valued in accordance with the provisions of the act hereby supplemented, as of the last accounting year for Federal income tax purposes completed prior to April 2, 1963, and a separate return shall be filed for personal property situated in each taxing district. All such returns shall set forth the penalties provided in section 4 of this act and shall be signed by the owner or his authorized agent. Taxpayers whose personal property at net book value, aggregates not over $25,000.00, shall be permitted to file a simplified return requiring only the following information, in the following form: (1) The name, business address and type of business of the taxpayer; (2) The net book value of business machinery and equipment not including supplies and small tools; (3) The net book value of inventory, not including raw materials; (4) The net book value of all other tangible personal property, if any, used in business, not including those items exempted in (2) and (3) hereof; and (5) The total net book value of all such personal property. Net book value shall be that value computed by the taxpayer for Federal income tax purposes. L.1963, c. 9, s. 3.
NJ Rev Stat § 54:4-2.40 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.40 - Failure to file return; penalty

54:4-2.40. Failure to file return; penalty  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.
NJ Rev Stat § 54:4-2.41 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.41 - Use of returns; destruction

54:4-2.41. Use of returns; destruction  The returns required to be filed under this act shall not be used as a basis for determination of any assessment or any imposition of a tax but shall be used by the director only for the purpose of compiling and tabulating statistical information which he shall use for the purpose of analyzing the statutory law relating to the taxation of personal property used in business and making recommendations required under section 38 of the act hereby supplemented. All returns filed pursuant to this act shall be destroyed within 1 year from the date filed with the director. L.1963, c. 9, s. 5.
NJ Rev Stat § 54:4-2.42 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.42 - Confidential nature of returns

54:4-2.42. Confidential nature of returns  (a) All returns filed pursuant to this act shall be considered confidential and privileged and neither the director nor any employee in the Division of Taxation or any employee charged with the custody of such returns or any other person shall divulge or disclose or use in any manner any information obtained from said returns not shall any such information be referred to in any action or proceeding by way of direct examination, cross-examination, or otherwise. Neither the director nor any employee engaged in such administration or charged with the custody of any such returns shall be required or permitted to produce any of them for inspection of any person or for use in any action or proceeding. (b) Nothing herein contained shall be construed to prevent the publication of statistics and information provided such materials have been so classified as to prevent the identification of a particular return and the items thereof and the director, in carrying out the purposes of this act, shall not disclose the names or addresses of any person required to file under this act nor any information as to whether such person has or has not complied with the provisions of this act, except for the purpose of enforcement of this act or the act hereby supplemented. L.1963, c. 9, s. 6.
NJ Rev Stat § 54:4-2.43 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.43 - Co-operation and assistance of assessors and public officials

54:4-2.43. Co-operation and assistance of assessors and public officials  The assessors and public officials of the municipalities of the State concerned with the application of the provisions of chapters 4 and 4a of Title 54 of the Revised Statutes shall co-operate with the Division of Taxation to the extent required by the director thereof and shall assist the director in distributing the forms provided for in section 3 of this act. On or before June 1, 1963, such assessors and public officials shall furnish to the director a list of the names and addresses of the taxpayers within their jurisdiction to whom they have mailed or distributed such forms. The director, within the limitation of available appropriations shall reimburse such municipalities for any costs incurred by them for printing and envelopes and for the cost incurred for postage used in mailing. L.1963, c. 9, s. 7.
NJ Rev Stat § 54:4-2.44 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.44 - Standard of value; assessment

54:4-2.44. Standard of value; assessment  The standard of value according to which tangible personal property used in business subject to taxation shall be assessed shall be the true value thereof. Such assessment shall be expressed in terms of the taxable value of the property. L.1966, c. 138, s. 2, eff. June 17, 1966.
NJ Rev Stat § 54:4-2.45 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.45 - True value of property; determination and reporting

54:4-2.45. True value of property; determination and reporting  The true value of taxable tangible personal property used in business owned by a taxpayer shall be presumed to be the original cost of such property less depreciation as of the assessment date, as shown by the books and records of the person assessed, provided that the true value of depreciable property shall, so long as such property remains in use or is held for use, be presumed to be not less than 20% of its original cost. Where it is impracticable with respect to items of like property, held by the taxpayer in more than one taxing district, to maintain cost records which account separately for each such item of such depreciable property or to assess each item separately, the taxpayer may maintain its costs, value and depreciation records relative to such property by averaging in group or composite accounts. The Director of the Division of Taxation may promulgate uniform rules and regulations for the determination and reporting of costs, depreciation and values of subject property as he may find necessary to provide for fair and equal assessments. L.1966,c.138,s.3.
NJ Rev Stat § 54:4-2.46 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.46 - Time of determining true value; assessment date

54:4-2.46. Time of determining true value; assessment date  The true value of tangible personal property used in business subject to taxation shall be determined as of January 1, 1967 which shall be the assessment date with respect to taxes payable in the year 1968, and as of January 1 annually thereafter, which date shall be the date as of which the assessment is made with respect to the taxes payable in the succeeding calendar year. L.1966, c. 138, s. 4.
NJ Rev Stat § 54:4-2.47 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.47 - Taxable value of tangible personal property; computation

54:4-2.47. Taxable value of tangible personal property; computation  (a) The taxable value of tangible personal property used in business subject to taxation in each taxing district shall be at that percentage of true value as shall correspond to the average ratio of assessed to true value of real property promulgated by the Director of the Division of Taxation on October 1 of the pretax year, pursuant to P.L.1954, c. 86, for State school aid purposes, as the same may have been modified by the tax court; provided, nevertheless, that such average ratio shall not exceed the percentage level, in effect in the tax year, for expressing the taxable value of real property in the county. In the year in which a taxing district shall have completed and put into operation a district-wide adjustment of real property taxable valuations to conform to the percentage level established for expressing the taxable value of real property in the county, and if a statement to such effect has been included by the assessor in the affidavit prescribed by R.S. 54:4-36, the average ratio shall be presumed, subject to rebuttal, to be the same level as is established for the taxable value of real property in the county. (b) The taxable value determined pursuant to subsection (a) of this section shall be taxed at the general real property tax rate of the taxing district wherein such property is found, for the use of such taxing district, in the manner provided by law. The person assessed for personal property shall be personally liable for the taxes thereon. L.1966, c. 138, s. 5. Amended by L.1983, c. 36, s. 16, eff. Jan. 26, 1983.
NJ Rev Stat § 54:4-2.48 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.48 - Return of taxable personal property; filing; review, audit and determination

54:4-2.48. Return of taxable personal property; filing; review, audit and determination  On or before September 1, 1967, and on or before September 1 in each year thereafter, any person owning tangible personal property used in business subject to taxation on the preceding assessment date shall prepare and file with the assessor of the taxing district where the property is located a return of such taxable personal property in such form and containing such information relating thereto as the Director of the Division of Taxation shall prescribe. The return shall list such property for taxation according to its true value as of the preceding assessment date, and a separate return shall be required for personal property situated in each taxing district. All such returns shall be verified by the owner or his authorized agent under the penalty of perjury. The assessors of the respective taxing district shall review and audit the returns and determine the taxable valuations of each taxpayer. On or before January 10 in each year, the respective assessors shall complete such review, audit and determination. The assessor of each taxing district shall include in his tax list and duplicate the taxable valuations of tangible personal property determined by him. L.1966, c. 138, s. 6.
NJ Rev Stat § 54:4-2.49 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.49 - Failure to file return; penalty

54:4-2.49. Failure to file return; penalty  If any taxpayer shall refuse or neglect to file a return as required by the preceding section, the assessor shall value the taxable personal property of such taxpayer at such amount as he may, from any information in his possession or available to him, reasonably determine to be the taxable value at which such property is assessable. Any taxpayer who fails or neglects to file a return within the time required shall be assessed a penalty of $100.00 for each day of such delinquency, but not in excess of the greater of $100.00 or 25% of the tax. All penalties shall be added to and become part of the tax and shall be enforceable and collectible in the same manner as the tax or pursuant to the penalty enforcement law (chapter 58 of Title 2A of the New Jersey Statutes) in a summary manner. Such penalties shall be assessed by the assessor and be payable to and recoverable by the tax collector of the taxing district. The assessor, upon request made on or before the last date for filing any return as fixed by law, may extend the time to file such return to a date not later than the end of a 2-month period next following such last date for filing, for good cause shown. L.1966, c. 138, s. 7.
NJ Rev Stat § 54:4-2.49a (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.49a - No first year payment

54:4-2.49a. No first year payment  Notwithstanding the provisions of chapter 4 of Title 54 of the Revised Statutes, there shall be no payment of the personal property taxes required by telecommunications carriers other than local exchange telephone companies that would be paid during the year in which this section takes effect, based on the prior January 1 assessment date of that property.  L. 1989, c. 2, s. 6.
NJ Rev Stat § 54:4-2.50 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.50 - Rules and regulations

54:4-2.50. Rules and regulations  The director shall make, promulgate and enforce uniform rules and regulations for the administration of this act. L.1966, c. 138, s. 10.
NJ Rev Stat § 54:4-2.51 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.51 - Partial invalidity

54:4-2.51. Partial invalidity  If any provision of this act, or any application of any provision, is held invalid, the invalidity shall not affect other applications of the provision, or other provisions of the act, which reasonably can be given effect despite the invalidity. L.1966, c. 138, s. 11.
NJ Rev Stat § 54:4-2.52 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.52 - Repealed

54:4-2.52 Repealed  12. The following statutes are hereby repealed but only with respect to tangible personal property used in business for the year 1968 and thereafter. a. Sections 4, 5, 6, 12 and 13 of chapter 51 of the laws of 1960 and all amendments of such sections; b. Sections 54:4-9 and 54:4-11 of the Revised Statutes and all amendments of such sections; c. Chapter 141 of the laws of 1964 and all amendments and supplements thereto. L.1966,c.138,s.12.
NJ Rev Stat § 54:4-2.53 (2021)
2021 New Jersey Revised Statutes|Title 54 - Taxation|Section 54:4-2.53 - Application of act

54:4-2.53. Application of act  This act shall apply to real and personal property taxes due and payable in the year 1968 and thereafter and shall not affect the obligation, lien or duty to pay any taxes, interest or penalties which have accrued or may accrue by virtue of any assessment made or which may be made with respect to taxes levied for any year prior to the year 1968, nor shall this act affect the legal authority to assess and collect taxes which may be or have been due and payable prior to January 1, 1968, together with such interest and penalties as would have accrued thereon under any provision of law amended or repealed hereby; nor shall this act invalidate any assessments or affect any proceeding for the enforcement thereof pending upon the effective date of this act or upon January 1, 1968, or during the period between said dates. L.1966, c. 138, s. 13.