Section 54:10E-1 through 54:10E-24 - RepealedN.J.S. § 54:10E-1 through 54:10E-24
Repealed by 2002 c. 40, s. 23.See L. 2002, c. 40, s. 24, which provides, "a. Notwithstanding the repeal of the "Savings Institutions Tax Act," P.L. 1973, c.31 (C.54:10D-1 et seq.), and the Corporation Income Tax Act (1972), P.L. 1973, c.170 (C.54:10E-1 et seq.), pursuant to section 23 of P.L. 2002, c 40, their repeal shall not affect any obligation, lien or duty to pay taxes, interest or penalties which have accrued or may accrue by virtue of any taxes imposed pursuant to the provisions of the laws repealed by section 23 of P.L. 2002, c 40, or which may be imposed with respect to any redetermination, correction, recomputation or deficiency assessment; and provided that all taxes and returns which would have been due and payable for the tax period ending prior to the enactment of P.L. 2002, c 40 shall be due and payable as if the laws were in effect; and provided that these repeals shall not affect the legal authority of the State to audit records and assess and collect taxes due or which may be due, together with such interest and penalties as have accrued or would have accrued thereon under the provisions of the law repealed; and provided that the repeal by section 23 of P.L. 2002, c 40, shall not affect any determination of, or affect any proceeding for, the enforcement thereof."b. In the case of a taxpayer that was a taxpayer as defined pursuant to P.L. 1973, c.170 (C.54:10E-1 et seq.), for the fiscal or calendar accounting period next ending after the effective date of this section, "basis of the facts shown on the return of the taxpayer for, and the law applicable to, the preceding fiscal or calendar accounting year" shall, for the purposes of paragraph (1) of subsection d. of section 5 of P.L. 1981, c.184 (C.54:10A-15.4), for the fiscal or calendar year next beginning after the effective date of this act, be deemed to be the basis of the facts shown on the return of the taxpayer for, and the law applicable to, the preceding fiscal or calendar accounting year pursuant to P.L. 1973, c.170 (C.54:10E-1 et seq.)."c. In the case of a taxpayer that was a taxpayer as defined pursuant to P.L. 1973, c.31 (C.54:10D-1 et seq.), for the fiscal or calendar accounting period next ending after the effective date of this section, "basis of the facts shown on the return of the taxpayer for, and the law applicable to, the preceding fiscal or calendar accounting year" shall, for the purposes of paragraph (1) of subsection d. of section 5 of P.L. 1981, c.184 (C.54:10A-15.4), for the fiscal or calendar year next beginning after the effective date of this act, be deemed to be the basis of the facts shown on the return of the taxpayer for, and the law applicable to, the preceding fiscal or calendar accounting year pursuant to P.L. 1973, c.31 (C.54:10D-1 et seq.)."