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Is there a separate tax on a bulk sale transfer?

bulk sale separate tax transfer
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Is there a separate tax on a bulk sale transfer?

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No. New Jersey does not have a separate tax applied to a bulk sale transfer. The tax liabilities of the seller in a bulk sale transfer, however, may be imposed on the purchaser if the purchaser does not comply with the notice and escrow requirements of the law as administered by the Division of Taxation.

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