On January 1, 2018, and after, the what are retained earnings tax rate will decrease to 6.625%.
This credit is being applied retroactively to qualified investments made for tax years beginning on or after January 1, 2012. Designated Contribution – The New Jersey Yellow Ribbon Fund has been added to the list of organizations to which taxpayers can contribute Nj Division Of Taxation on the New Jersey tax return. There were some important changes affecting the Petroleum Products Gross Receipts Tax that took effect in Tax Year 2017. The tax rate increased, a number of new exemptions were added, and certain reporting requirements were changed.
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More information on the Petroleum Products Gross Receipts Tax changes is available online . If you are the fiduciary of an estate or trust, you will need the decedent’s federal identification number as well as the date of the decedent’s death or the date the trust was created. The death date or trust date can be found in lines one through cash flow four of Form NJ-1041. Pay income taxes only by credit or debit card or arrange for a payment to be deducted from your bank account (e-check). Annual Assessment – Beginning with Tax Year 2017, any notice of annual assessment or change in assessment issued to a property owner must contain the deadline to file an appeal in boldface type.
- Designated Contribution – The New Jersey Yellow Ribbon Fund has been added to the list of organizations to which taxpayers can contribute on the New Jersey tax return.
- Annual Assessment – Beginning with Tax Year 2017, any notice of annual assessment or change in assessment issued to a property owner must contain the deadline to file an appeal in boldface type.
- This credit is being applied retroactively to qualified investments made for tax years beginning on or after January 1, 2012.
- More information on the Petroleum Products Gross Receipts Tax changes is available online .
- The tax rate increased, a number of new exemptions were added, and certain reporting requirements were changed.
Author: Mary Fortune