If You Deliver or Pickup Goods in New Jersey, Be Sure to Pay State Taxes
The State of New Jersey recently seized over 30 commercial vehicles for failing to pay the state Corporate Business Tax. The tax applies to all trucking companies that pick up or deliver in New Jersey, regardless of whether they have a terminal in the US or not.
In response, the Canadian Trucking Alliance (CTA) was able to reach a voluntary compliance arrangement with the State of New Jersey which will take place from November 15 to December 30, 2014. The program allows CTA members to voluntarily register their businesses and file the appropriate taxes, offering favourable terms including relief from late filing and late payment penalties. It also ensures that no enforcement action will be taken by state investigators should the carrier be identified at weigh stations or checkpoints where tax compliance initiatives may be taking place.
To be eligible for the Voluntary Disclosure Program, carriers must:
- Have no previous contact with the New Jersy Division of Taxation or any of its agents
- Not already be registered for the state's Corporate Business Tax
- Not be currently under any criminal investigation
- Be willing to pay any outstanding tax liabilities
- Be willing to file prior year returns within a reasonable period
To download a copy of the CTA-NJ Voluntary Disclosure Program, log in to the BC Trucking Association website. You can also find more information on New Jersey's Corporate Business Tax at http://www.nj.gov/treasury/taxation/corp_over.shtml.
Source: State of New Jersey Offering CTA Members Voluntary Compliance Option by the BC Trucking Association (October 30, 2014).
Tia Chisholm, HUB International TRANSPORTATION
HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.