New Jersey Statutes 54:39-134. Bond posted by distributor
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Terms Used In New Jersey Statutes 54:39-134
- 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
34. A distributor shall post a bond of not less than three months’ total liability for the tax imposed by section 3 of P.L.2010, c.22 (C. 54:39-103), based on the number of gallons handled as estimated by the director for gasoline and diesel fuel separately. The tax on fuel exported from this State by a licensed distributor shall not be considered part of potential liability for calculation of the bond required of a distributor’s licensee.
L.2010, c.22, s.34.