New Jersey Passes Bill Extending Tax Deadlines

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New Jersey Passes Bill Extending Tax Deadlines
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Governor Phil Murphy has signed into law S2338, the much-anticipated bill extending certain tax filing and payment deadlines in response to the COVID-19 outbreak.  The bill passed both houses of the New Jersey State Legislature unanimously on April 13.  The details of the bill are as follows:

The filing and payment extensions apply only to GIT and CBT, and not to other state taxes such as sales, inheritance or payroll taxes.  In addition, the extensions do not apply to estimated payments for the second quarter of 2020, which continue to be due on June 15, 2020.

Please contact Robert Daleo, Jason Navarino or Hannah Greendyk of our Tax Department if you have any questions about how these changes affect you.