NJ S3863

Establishes a 90-day state tax amnesty period ending no later than January 15, 2026, allowing taxpayers with unpaid state taxes to pay the full tax amount plus only half of the interest due as of November 1, 2025, without penalties, recovery fees, or the remaining interest

Applies to state tax liabilities for tax returns due between September 1, 2017 and January 1, 2025, excluding taxpayers under criminal investigation or charge for state tax matters

Imposes a 5% penalty on eligible but unpaid tax liabilities after the amnesty period ends, in addition to all other penalties and interest otherwise authorized by law

Creates a Stabilization Aid Account in the Department of Education to receive amnesty revenues, which will fund aid to school districts experiencing reductions in state school aid compared to the prior year

Appropriates up to $15 million from amnesty proceeds to the Division of Taxation to administer the program, including expedited procurement of advertising services