New Jersey A762 allows electronic submission of bulk sale notifications and mandates an online system for such notifications.

New Jersey A762 amends existing law to permit purchasers, transferees, and assignees to submit notifications of bulk sales electronically. A bulk sale involves the transfer of business assets outside the ordinary course of business. The bill requires the Director of the Division of Taxation to establish an Internet-based system for these electronic submissions. This system must be operational within one year of the bill's enactment and accessible on the Division's website.

New Jersey A762 allows electronic submission of bulk sale notifications and mandates an online system for such notifications.

New Jersey A762 amends existing law to permit purchasers, transferees, and assignees to submit notifications of bulk sales electronically. A bulk sale involves the transfer of business assets outside the ordinary course of business. The bill requires the Director of the Division of Taxation to establish an Internet-based system for these electronic submissions. This system must be operational within one year of the bill's enactment and accessible on the Division's website.