New Jersey Division of Taxation extends BAIT filing deadlines

Late in the day on Mar. 15, 2022, the New Jersey Division of Taxation announced an extension of certain due dates related to the New Jersey Pass-Through Business Alternative Income Tax (“BAIT”).  The following BAIT due dates have been extended from Mar. 15, 2022, to June 15, 2022:

• 2021 PTE Election
• 2021 PTE-100 Tax Return
• 2021 PTE-200-T Extension of Time to File
• 2021 Revocation forms
• 2022 Estimated Payments

This information has been posted to the New Jersey Division of Taxation’s website.

In order to make a BAIT election, an entity must first register with the New Jersey Division of Revenue and Enterprise Services. Registration can take up to two weeks to process. Accordingly, entities that need to register should do so in advance of the extended deadline.

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