TORONTO (April 25, 2003) — The Ontario Trucking Association has been notified by two different members that the State of New Jersey has seized equipment for failure to pay State income taxes. In the past OTA, along with Canadian Trucking Alliance, has been successful in mitigating the impact of similar state taxes upon Canadian carriers in New York, Michigan and Pennsylvania.
For example, after negotiations with the CTA, the Pennsylvania Dept. of Revenue said last October it will waive penalties for trucking companies that come forward to settle their state tax debts. The association is still negotiating to have the taxes removed completely, similar to a deal the CTA worked out with the state of Michigan.
The OTA will be exploring options to deal with the State of New Jersey regarding this matter. Meanwhile, it is asking members to consider reviewing the State of New Jersey’s Voluntary Disclosure Program. Information on this program can be found at www.state.nj.us/treasury/taxation/voldisc.htm.
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