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Section 54:53-2 - Agreement without any liability or series of agreements for single period; authorization

NJ Rev Stat § 54:53-2 (2019) (N/A)
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54:53-2. Agreement without any liability or series of agreements for single period; authorization

A closing agreement may be executed even though under the agreement the taxpayer is not liable for any tax for the period to which the agreement relates. There may be a series of closing agreements relating to the tax liability for a single period.

L.1975, c. 387, s. 2, eff. March 3, 1976.

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Section 54:53-1 - Authorization for director to enter; standards
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Section 54:53-3 - Relation to total tax liability or to one or more separate items