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New Jersey Statutes, Title: 54, TAXATION

    Chapter 32b:

      Section: 54:32b-55: Quarterly reports of certain revenues under the Streamlined Agreement.

          
36. For each quarterly sales tax reporting period, the Director of the Division of Taxation shall report to the State Treasurer the amount of sales and use tax revenue received from sellers that do not have a requirement to register to collect sales and use tax pursuant to New Jersey law and the total monetary allowance paid to certified service providers. If in any quarter, the monetary allowance provided to certified service providers exceeds 80 percent of the sales tax revenue received from sellers using a certified service provider that do not have a requirement to register to collect tax, the State Treasurer is authorized to withdraw from the agreement pursuant to the procedures specified in the Streamlined Sales and Use Tax Agreement.

L.2005,c.126,s.36.



This section added to the Rutgers Database: 2012-09-26 13:37:56.






Older versions of 54:32b-55 (if available):



Court decisions that cite this statute: CLICK HERE.