N.J.S.A. 54:53-15

Waiver of statute of limitations by taxpayer

54:53-15. Waiver of statute of limitations by taxpayer No offer in compromise shall be accepted unless the taxpayer waives the running of the statutory period of limitations on both assessment or collection of the tax liability involved for the period during which the offer is pending, or the period during which any installment remains unpaid, and for one year thereafter. L.1975, c. 387, s. 15, eff. March 3, 1976.

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This is the verbatim text of N.J.S.A. 54:53-15, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 54:53-15 — Waiver of statute of limitations by taxpayer | Kyzer