New Jersey Administrative Code › Title 18 - TREASURY - TAXATION › Chapter 23 - RAILROAD PROPERTY TAX › Appendix I

Current through Register Vol. 56, No. 14, July 15, 2024
CALENDAR OF TAX EVENTS
PRE-TAX YEAR
January 1
Property valuations: Determined as of this date. (See
						N.J.A.C.
						18:23-5.2, 5.3)
March 1 (On or before)
Property report: Railroads shall make reports to the Director,
						Division of Taxation, of their property as it existed on January 1, preceding. (See
						N.J.A.C.
						18:23-8.1 )
Second Monday of June (On or before)
Reports of local assessors: Local assessors, if required to do
						so by the Director, Division of Taxation, shall report to the Director the
						description and valuation of railroad property not used for railroad purposes. (See
						N.J.S.A.
						54:29A-16 )
November 1 (On or before)
Valuations to be fixed: The Director, Division of Taxation,
						will determine the true value of Class II property used for railroad purposes. (See
						N.J.A.C. 18:23-5.2, 5.3)
November 10 (Not later than)
Statement of valuations to taxpayer: The Director, Division of
						Taxation, shall deliver a detailed statement of Class II property valuations to each
						taxpayer. (See N.J.A.C. 18:23-5.2, 5.3)
December 1 (Prior to)
Taxpayer may confer with Director concerning valuations: Any
						taxpayer may inspect the Director's valuations and confer with the Director
						concerning these valuations. (See
						N.J.A.C.
						18:23-5.6 )
December 1
Due date property tax: Property taxes are due and delinquent on
						this date. (See
						N.J.A.C.
						18:23-8.5, 8. 6)
December 15 (Not later than)
Deliver detailed statement of Class II property and property
						tax to taxpayers: The Director, Division of Taxation, shall deliver to each taxpayer
						a detailed statement of the Class II property and the tax for the property for the
						following year. (See
						N.J.A.C.
						18:23-5.7, 5.8, 5.9)
December 15 (After)
Certify property tax to Director: The Director, Division of
						Taxation, shall report and certify property tax assessments. (See
						N.J.S.A.
						54:29A-22 )
TAX YEAR
January 1
Property tax lien date: Taxes become a lien as of this date.
						(See N.J.A.C.
						18:23-10.1 )
January 1
Franchise tax lien date: Taxes become a lien as of this date.
						(See N.J.A.C. 18:23-10.1)
April 1 (On or before)
Operating income reports to be filed: Railroads to make reports
						to the Director, Division of Taxation, showing their railway operating revenues of
						the pre-tax year, all deductions therefrom, and the net railway operating income
						remaining after such deductions. (See
						N.J.A.C.
						18:23-10.7 )
June 1 (On or before)
Franchise tax assessment date: The Director, Division of
						Taxation, shall compute and assess the franchise tax. (See
						N.J.A.C.
						18:23-4.7 )
June 1 (After)
Franchise tax certified to the Director, Division of Budget and
						Accounting: The Director, Division of Taxation, shall certify the franchise
						assessments and the statements. (See
						N.J.S.A.
						54:29A-22 )
June 10 (On or before)
Franchise tax bills to taxpayers: The Director, Division of
						Taxation, shall certify the amount of franchise tax and the manner of computation
						thereof to each taxpayer within ten days after the completion of the assessment of
						franchise tax. (See N.J.A.C. 18:23-5.7, 5.8, 5.9)
June 15
Due date franchise tax: Franchise taxes are due and delinquent
						on this date. (See
						N.J.A.C.
						18:23-8.5, 8.6)