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Bill > S850


NJ S850

NJ S850
Prohibits tax preparation software companies from charging fee for electronically filing State tax returns.


summary

Introduced
01/14/2020
In Committee
12/06/2021
Crossed Over
06/03/2021
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill prohibits tax preparation software companies from charging a fee for the electronic filing of State tax returns. Tax preparation software includes any computer program intended for tax return preparation, such as an off-the-shelf software program loaded onto a taxpayer's computer or an online tax preparation application. A violation of the bill's provisions is an unlawful practice under the consumer fraud act, P.L.1960, c.39 (C.56:8-1 et seq.). An unlawful practice is punishable by a monetary penalty of not more than $10,000 for a first offense and not more than $20,000 for any subsequent offense. In addition, a violation can result in cease and desist orders issued by the Attorney General, the assessment of punitive damages, and the awarding of treble damages and costs to the injured. The bill applies to State tax returns due on the first day of the fourth month after the date of enactment. The bill is based on a 2010 New York statute.

AI Summary

This bill prohibits tax preparation software companies from charging a fee for the electronic filing of State tax returns. A violation of this provision is considered an unlawful practice under the consumer fraud act, which can result in monetary penalties, cease and desist orders, and the awarding of damages and costs to the injured party. The bill applies to State tax returns due on February 1, 2022 and is based on a 2010 New York statute.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Assembly Floor Amendment Passed (Johnson) (on 12/20/2021)

bill text


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