Permits purchasers to submit bulk sale notifications online; requires establishment of electronic system for bulk sale notifications.

This bill allows purchasers of business assets (such as when buying a business in bulk) to submit required tax notifications to New Jersey's tax authority online, rather than only by mail. It requires the state to establish an electronic system for these submissions. The bill directly affects business buyers who must notify the tax director before finalizing certain asset sales. Key provisions update existing law to add electronic submission as a valid method and mandate the creation of the online system. The change streamlines the process for purchasers while maintaining the requirement to notify the state about potential tax liabilities tied to the seller.