54:49-12.9 - Powers of federal official - New Jersey Statutes

54:49-12.9  Powers of federal official.
3. a. A federal official may:

(1)Certify to the State Treasurer the existence of a person's delinquent non-tax liability owed by the person to the federal government; and

(2)Request that the State Treasurer withhold any refund and vendor payment to which the person is entitled. 

b.A federal official may certify and request the State Treasurer to withhold a refund or vendor payment only if the laws of the United States:

(1)Allow the State Treasurer, on behalf of the State, to enter into a reciprocal agreement with the United States, pursuant to which the federal official would be authorized to offset federal payments to collect delinquent tax and non-tax debts owed to the State; and

(2)Provide for the payment of the amount withheld to the State.

c.The Department of the Treasury may retain a portion of the proceeds of any collection setoff as provided under agreement with the federal official.

L.2006,c.32,s.3.