New Jersey legislature, governor officially extend tax deadlines, fiscal year due to COVID-19

    On April 13, 2020, New Jersey’s Senate (S.2338) and Assembly (A.3918) both voted to pass the COVID-19 Fiscal Mitigation Act, and Gov. Phil Murphy signed it into law April 14. 

    According to releases from the Governor’s website and the New Jersey Division of Taxation:

    • Following federal extensions, the Act automatically extends the deadline to file and pay annual or quarterly returns originally due April 15, 2020, for both Gross Income Tax and Corporation Business Tax filings. Those filings and payments are now due July 15, 2020.
      • This includes Q1 2020 estimated tax payments.
      • All other returns and payments, including Q2 2020 estimated payments, are still due on their original dates (i.e., Q2 payments are still due June 15, 2020).
    • “Penalties and interest will not be imposed on the balance of 2019 income tax due between the original due date and July 15,” the Division of Taxation release notes.
    • The Act also extends State Fiscal Year 2020 from June 30 to Sept. 30, 2020.

    The legislation is effective immediately.

    What does CohnReznick think?

    As the situation resulting from the COVID-19 outbreak continues to evolve, we expect New Jersey and other states to issue additional guidance. Access the AICPA’s updated list of states that have provided relief, or visit our State and Local Tax Resources page for insights on select developments. We recommend checking back frequently for updates.


    Corey Rosenthal, Principal, Practice Leader, State and Local Tax Services 


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      Contact Corey Corey+Rosenthal
      Corey Rosenthal

      JD, Principal, Practice Leader, State and Local Tax (SALT) Services

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    Any advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues. Nor is it sufficient to avoid tax-related penalties. This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice specific to, among other things, your individual facts, circumstances and jurisdiction. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.