N.J. Stat. § 54:4-3.113b

Current through L. 2024, c. 87.
Section 54:4-3.113b - Property certified as renewable energy system exempt from taxation

Property that has been certified by a local enforcing agency as a renewable energy system shall be exempt from taxation under chapter 4 of Title 54 of the Revised Statutes. The owner of real property which is equipped with a certified renewable energy system may have exempted annually from the assessed valuation of the real property a sum equal to the assessed valuation of the real property with the renewable energy system included, minus the assessed valuation of the real property without the renewable energy system included.

N.J.S. § 54:4-3.113b

Added by L. 2008, c. 90,s. 2, eff. 10/1/2008.