Governor Chris Christie • Lt.Governor Kim Guadagno  
The Official Web Site For The State of New Jersey - Department of Treasury
Global Navigation
FAQs Departments/ Agencies Services A to Z NJ Home Page
Disclaimer


NEW JERSEY DIVISION OF TAXATION
PUBLIC AUCTION of SEIZED PROPERTY

Under the authority granted in N.J.S.A., 54:49-13a and R.S. 33:1-26, the property to be sold was seized for unpaid State taxes due from:

Pragati Spirits LLC.
150 US Hwy 206 South
Hillsborough NJ 08844

Properties for Sale:
State of New Jersey, County of Somerset, Township of Hillsborough Plenary Retail Consumption Liquor License #1810-33-006-005

Location of Sale:
New Jersey Division of Taxation Offices
75 Veterans Memorial Drive East
Somerville, NJ 08876

Date and Time of Sale: Cancelled

Minimum Bid: $75,000.00

AUCTION TERMS & CONDITIONS FOR LIQUOR LICENSES

PAYMENT TERMS:

  • Successful bidders must make a minimum deposit of 25% of respective bid IMMEDIATELY following their successful bid.  Failure to do so will result in forfeiture of the bid.
  • Payment must be in guaranteed funds such as cash, certified check, bank check or money order.  No third party instruments will be accepted.
  • Balance, also in guaranteed funds, due by 12 noon on February 18, 2013, at the NJ Division of Taxation’s Somerville regional office at 75 Veterans Memorial Drive East Somerville, NJ 08876, or deposit monies will be forfeited.
  • Make checks payable to:     New Jersey Division of Taxation

OTHER CONDITIONS:

  • This sale may be postponed or cancelled at the discretion of the NJ Division of Taxation.
  • NJ Division of Taxation employees or any member of the employee’s immediate family may not participate in this public sale.
  • The NJ Division of Taxation reserves the right to receive or reject bids or bidders.
  • This liquor license is sold subject to any restriction imposed by the NJ Division of Alcoholic Beverage Control on this license such as those set forth in N.J.A.C. 13:2-24.
  • The successful bidder for the liquor license must submit a complete “good faith” transfer application to the municipality and pay the fee for the transfer of the license by Monday, March 3rd, 2013. Failure to do so will result in forfeiture of all monies paid to the NJ Division of Taxation for the license.
  • The successful bidder for the liquor license must submit a renewal application to the municipality and pay the fee by Monday, March 3rd, 2013. Failure to timely submit a renewal application will result in forfeiture of all monies paid to the NJ Division of Taxation for the license. The NJ Division of Taxation will assist with the renewal process at the request of the municipality. Any monies paid by the NJ Division of Taxation for the renewal of the liquor license will be reimbursed directly to the NJ Division of Taxation by the successful bidder.
  • If the successful bidder makes proper application for the transfer and renewal of the license, passes the background check conducted by the municipality, follows all guidelines set by the municipality and the municipality denies the application, then the monies paid to the NJ Division of Taxation will berefunded. The NJ Division of Taxation then has the right to go to the next highest bidder or re-auction the license.

FURTHER INFORMATION REGARDING THIS SALE MAY BE OBTAINED FROM:

Supervisor Ted Camastra (908) 704 3070.

 

 


Last Updated: Tuesday, 02/19/13



Taxation: Home | Site Index | Site Help | Legislature | Judiciary | Revenue | IRS | Other Tax Links
Treasury: Home | ServicesPeopleBusinesses | Divisions/AgenciesForms
Statewide:
NJ Home | Services A to Z | Departments/Agencies | FAQs
Copyright © State of New Jersey, 1996-
This site is maintained by the Division of Revenue and Enterprise Services.


Reports Accessibility Statement Legal Statement Privacy Notice Contact Us Open Public Records Act Proposed Rules and Amendments Comment or Petition for new Rule Division/Ageny Statutes and Rules Electronic Notification