OTTAWA, Ont. — The Canadian Trucking Alliance (CTA) has struck a deal with the state of New Jersey to allow its members to voluntarily comply with state Corporate Business Tax (CBT) payments and avoid having their trucks seized for non-payment.
The state seized more than 30 commercial vehicles over the past week for failure to pay the tax. It is imposed on carriers making pickups or deliveries in the state, whether or not they have facilities there.
The agreement between CTA and the state will take place between Nov. 15 and Dec. 30. It will allow CTA members to voluntarily come forward to register their business and file the appropriate taxes.
In return, carriers will get favourable terms offered under the voluntary disclosure program. They’ll also receive relief from late filing and late payment penalties as well as other benefits.
For information on how to participate, CTA advises carriers to request an information package from their provincial trucking association. More info on the tax can be found here.
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