New Jersey Statutes 54:53-12. Acceptance of offer in compromise; notice; conditions
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Terms Used In New Jersey Statutes 54:53-12
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
An offer in compromise shall be considered accepted only when the proponent thereof is so notified in writing. As a condition to accepting an offer in compromise, the taxpayer may be required to enter into any collateral agreement or to post any security which is deemed necessary for the protection of the State.
L.1975, c. 387, s. 12, eff. March 3, 1976.