54:30A-54.5 - Credit of advance payment as partial payment in preceding year - New Jersey Statutes

54:30A-54.5.  Credit of advance payment as partial payment in preceding year    In the calculation of the tax due in accordance with section 6 of P.L.1940,  c. 5 (C. 54:30A-54), in the year 1980 and in each year thereafter, every  person, copartnership, association or corporation subject to tax hereunder  shall be entitled to a credit in the amount of the tax hereunder as a partial  payment in the preceding year and shall be entitled to the return of any amount  so paid which shall be found to be in excess of the total amount payable in  accordance with P.L.1940, c. 5 and this act.

     L.1979, c. 36, s. 2, eff. March 2, 1979.