New Jersey § 54a:8-5

§ 54a:8-5.

(a) General. The estimated tax with respect to which a declaration is required shall be paid

as follows: (1) If the declaration is filed on or before April 15 of the taxable year the estimated

tax shall be paid in four equal installments. The first installment shall be paid at the time of the filing of the declaration,

and the second, third and fourth installments shall be paid on the following June

15, September 15, and January 15, respectively. (2) If the declaration is filed after April 15 and not after June 15 of the taxable

year, the estimated tax shall be paid in three equal installments. The first installment shall be paid at the time of the filing of the declaration,

and the second and third installments shall be paid on or before the following September

15 and January 15, respectively. (3) If the declaration is filed after June 15 and not after September 15 of the taxable

year, and is not required to be filed on or before June 15 of the taxable year, the

estimated tax shall be paid in two equal installments. The first installment shall be paid at the time of the filing of the declaration,

and the second shall be paid on or before the following January 15. (4) If the declaration is filed after September 15 of the taxable year, and is not

required to be filed on or before September 15 of the taxable year, the estimated

tax shall be paid in full at the time of the filing of the declaration. (5) If the declaration is filed after the time prescribed therefor, or after the expiration

of any extension of time therefor, paragraphs (2), (3), and (4) of this subsection

shall not apply, and there shall be paid at the time of such filing all installments

of estimated tax payable at or before such time, and the remaining installments shall

be paid at the times at which, and in the amounts in which, they would have been payable

if the declaration had been filed when due. (b) Farmers. If an individual referred to in subsection (e) of section 54A:8-4 (relating to income from farming) makes a declaration of estimated tax after September

15 of the taxable year and on or before the following January 15, the estimated tax

shall be paid in full at the time of the filing of the declaration. (c) Amendments of declaration. If any amendment of a declaration is filed, the remaining installments, if any,

shall be ratably increased or decreased (as the case may be) to reflect any increase

or decrease in the estimated tax by reason of such amendment, and if any amendment

is made after September 15 of the taxable year, any increase in the estimated tax

by reason thereof shall be paid at the time of making such amendment. (d) Application to short taxable year. This section shall apply to a taxable year of less than 12 months in accordance

with regulations of the director. (e) Fiscal year. This section shall apply to a taxable year other than a calendar year by the substitution

of the months of such fiscal year for the corresponding months specified in this section. (f) Installments paid in advance. An individual may elect to pay any installment of his estimated tax prior to the

date prescribed for its payment.