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Gov. Phil Murphy today signed an executive order that extends the deadline for 2019 Corporation Business Tax (CBT) calendar year returns being filed under extension to Nov. 16.  The extension was ordered due to the ongoing COVID-19 pandemic.

The previous deadline for calendar year returns being filed under extension had been today, Oct. 15, although the Division of Taxation had already indicated on its website that late filing penalties would be waived for corporations filing in November because of federal extensions. Nevertheless, New Jersey businesses were concerned that they would not be in good standing unless the Oct. 15 filing deadline was officially moved.

“The executive order should accomplish that official deadline relief so taxpayers can enjoy the one-month extension and still be in good standing,” NJBIA Vice President Chris Emigholz said.

The governor issued a statement today noting that the challenges the pandemic has caused for the business community.

“As a result, it has been difficult for many businesses to meet the deadline for both federal and state returns,” Murphy said. “We are again extending the deadline to give businesses more time to properly complete the filing process.”

For a copy of Executive Order No. 189, please click here.

Taxation & Economic Development News

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