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Form 12256 for Paterson New Jersey: What You Should Know
Regulation TSM 478, Audit of a public agency by a corporation or partnership, and the manner in which such an audit should be performed by the Division and its audit staff. The Division of State Taxation and Department of Community Affairs of the State of New Jersey are responsible for overseeing and regulating all state agencies in this State. The Division employs over 9,000 people, with a total annual budget of over 4.5 billion. This Office, located in State Taxation and the Department of Community Affairs, is an agency with an equal opportunity and affirmative action policy. It maintains an objective and fair tax policy that protects all New Jersey residents. It ensures compliance with state and federal tax laws and with federal regulations as well as state and local ordinances governing taxes and local government expenditures. The Office monitors the performance of the tax department by reviewing and making recommendations as appropriate, to the Division of State Taxation, to the Commissioner of Community Affairs and City Council of the City of Paterson, and periodically to the Mayor and Board of Supervisors of the City of Paterson. The Division of State Taxation and Department of Community Affairs of the State of New Jersey is the State tax department responsible for collecting and processing New Jersey's state and local income, property and sales taxes. The Department also administers the state's general fund and its revenue sharing partners, including the City of Paterson and neighboring municipalities. The Department of Community Affairs of the State of New Jersey administers the state's general fund and revenue sharing agreements with local governments through its State Government Grants Program. All General Fund revenues paid to the State through the Department of Community Affairs are deposited in the Fund for the General State Obligation Accounts. The Division of State Taxation of the State of New Jersey handles and regulates the financial operations of the Division and operates an internal audit program. The Division provides a unified, consistent and uniform assessment and collection program under its Internal Auditing Policy and System; this policy is designed to ensure the orderly operation of the State's income, property and sales tax systems and to help ensure that taxpayers receive the fair treatment and the maximum possible consideration for the services to which they have an obligation under New Jersey law.
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