{"data":{"id":"us-nj/n.j.-stat.-54-4-2.40","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:4-2.40","heading":"Failure to file return;  penalty","body":"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:\n$5.00 where the delinquency does not exceed 30 days;\n$10.00 where the delinquency does not exceed 60 days;\n$20.00 where the delinquency does not exceed 90 days;\n$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.\nAll 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.\nL.1963, c. 9, s. 4.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"7f661f93b6458631035a1f441060c6e1a528e454a491eda0f200e16a22db340e","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-4-2.39","next":"us-nj/n.j.-stat.-54-4-2.41"},"notice":"GroundRules: Original legal text. Not legal advice."}