Death of person caused by wrongful act, neglect or default; compensation; failure to timely pay tax; interest and bond

N.J. Stat. § 54:35-4.1
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Notwithstanding the provisions of R.S. 54:35-3 and R.S. 54:35-4, with respect to any sum recovered as compensation for death of a person caused by a wrongful act, neglect or default, interest shall accrue at the rates and in the manner provided in R.S. 54:35-3 and a bond shall be required to be given as provided in R.S. 54:35-4, if the tax is not paid within 30 days of the receipt of an award or settlement therefor. L.1978, c. 172, s. 4, eff. Dec. 28, 1978.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements