New Jersey Statutes Title 54. Taxation 54 § 39-131

a. A person, other than a supplier licensed under section 30 of P.L.2010, c. 22 (C.54:39-130), engaged in business in this State as a terminal operator shall first obtain a terminal operator's license for each terminal site in this State.

b. A terminal operator shall be required to post a bond of not less than three months' potential tax liability based on the number of gallons handled as estimated by the director.

c. A person operating a terminal in this State shall file with the director by the 25th day of the next month a sworn statement of operations within this State for each of the operator's terminals within this State, including information as the director may prescribe, on forms prescribed and furnished by the director.

d. For purposes of reporting and determining tax liability under P.L.2010, c. 22 (C.54:39-101 et al.), a licensee shall maintain inventory records as the director by regulation shall require.