March 21, 2022

New Jersey Extends Due Date for BAIT Elections

By Josh Stein, Senior Manager, Tax & Business Services

New Jersey Extends Due Date for BAIT Elections State & Local Tax

As of the original due date of March 15, 2022, the New Jersey Division of Taxation announced extensions for filings for the Pass-Through Business Alternative Income Tax (PTE/BAIT).

The due date for the following filings was extended to June 15, 2022:

  • 2021 PTE Election
  • 2021 PTE-100 Tax Return
  • 2021 PTE-200-T Extension of Time to File
  • 2021 Revocation forms (to cancel a previous BAIT election)
  • 2022 Estimated Payments

This extension does not affect any filings that were already made; any forms filed prior to March 15, 2022 will still be processed.

As a reminder, an entity must first register with the New Jersey Division of Revenue and Enterprise Services to take advantage of the BAIT. To participate, the entity must file an election form annually. All forms and payments must be filed electronically.

Additional information about the extended election due date, and more information about New Jersey BAIT, can be found at

Please contact a Marcum State and Local Specialist for more information about these elections and due dates.