Statutes, codes, and regulations
New Jersey Statutes
Title 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Chapter 17:48A
Section 17:48A-24 - Corporation as charitable and benevolent institution; tax exemption

N.J. Stat. § 17:48A-24

Download
PDF
Current through L. 2024, c. 62.
Section 17:48A-24 - Corporation as charitable and benevolent institution; tax exemption

Any corporation subject to the provisions of this act is hereby declared to be a charitable and benevolent institution, and its funds and property shall be exempt from taxation by the State or any political subdivision thereof.

N.J.S. § 17:48A-24

L.1940, c.74, p.198, s.24.