Form PPT-20 Petroleum Products Gross Receipts Tax Refund Application - 2nd Quarter - New Jersey

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Form PPT-20 Petroleum Products Gross Receipts Tax Refund Application - 2nd Quarter - New Jersey

What Is Form PPT-20?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form PPT-20?A: Form PPT-20 is the Petroleum ProductsGross Receipts Tax Refund Application.

Q: When is Form PPT-20 used?A: Form PPT-20 is used for claiming a refund of the Petroleum Products Gross Receipts Tax for the 2nd quarter in New Jersey.

Q: What is the purpose of the Petroleum Products Gross Receipts Tax refund?A: The purpose of the refund is to provide relief to businesses that pay the tax on petroleum products used for non-highway purposes.

Q: Who is eligible for the refund?A: Businesses that purchase petroleum products and use them for non-highway purposes are eligible for the refund.

Q: What information do I need to provide on Form PPT-20?A: You will need to provide your business information, details of the petroleum products purchased, and supporting documentation.

Q: When is the deadline to file Form PPT-20 for the 2nd quarter?A: The deadline to file Form PPT-20 for the 2nd quarter is the last day of the month following the end of the quarter.

Q: Are there any penalties for filing Form PPT-20 late?A: Yes, there are penalties for late filing of Form PPT-20. It is important to submit the application on time to avoid these penalties.

Q: Can I claim a refund for multiple quarters on the same Form PPT-20?A: No, you must file a separate Form PPT-20 for each quarter you want to claim a refund for.

Q: Is the refund taxable income?A: No, the refund of the Petroleum Products Gross Receipts Tax is not considered taxable income.

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Form Details:

  • The latest edition provided by the New Jersey Department of the Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form PPT-20 by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.

Download Form PPT-20 Petroleum Products Gross Receipts Tax Refund Application - 2nd Quarter - New Jersey

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