A 3238
Eliminates statute of limitations on income tax assessments that arise out of erroneous refunds induced by fraud.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill eliminates the statute of limitations on New Jersey income tax assessments that result from erroneous refunds caused by fraud. Specifically, it extends the time the state can assess a deficiency arising from a refund if the refund was induced by a false or fraudulent return with the intent to evade taxes. This change aims to ensure that taxpayers who have been wrongly refunded are held accountable for the tax liability.
Sponsors
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Primary sponsors
Sterley Stanley
Cosponsor
Shanique Speight
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