N.J.S.A. § 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.
Source: view the official text
In this chapter (20 sections)
- 54:53-1. · Authorization for director to enter; standards
- 54:53-2. · Agreement without any liability or series of agreements for…
- 54:53-3. · Relation to total tax liability or to one or more separate…
- 54:53-4. · Finality and conclusiveness of closing agreement
- 54:53-5. · Request for closing agreement; time for submission for prior…
- 54:53-6. · Tax, deficiency or overpayment; assessment, collection,…
- 54:53-7. · Compromise of liability, time for payment of liability
- 54:53-8. · Penalties and liabilities; allowable subjects of compromise
- 54:53-9. · Compromise agreement
- 54:53-10. · Offers in compromise; submission; forms; remittance or…
- 54:53-11. · Stay of collection of tax liability
- 54:53-12. · Acceptance of offer in compromise; notice; conditions
- 54:53-13. · Withdrawal or rejection; disposition of tendered amount
- 54:53-14. · Opinion of attorney general on compromise; necessity;…
- 54:53-15. · Waiver of statute of limitations by taxpayer
- 54:53-16. · 90-day amnesty period
- 54:53-17 · Three month amnesty period; applicability, procedure
- 54:53-18 · State tax amnesty period in 2002 established
- 54:53-19 · Establishment of State tax amnesty period
- 54:53-20 · State tax amnesty period