New Jersey § 54:4-2
Full text of New Jersey New Jersey Statutes § 54:4-2, with citation guidance and answers to common questions.
§ 54:4-2.
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.
Frequently Asked Questions About New Jersey § 54:4-2
What does New Jersey Statutes § 54:4-2 cover?
Section 54:4-2 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 54:4-2?
A common citation format is "New Jersey Statutes § 54:4-2" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 54:4-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.