N.J. Admin. Code § 18:16A-1.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 18:16A-1.3 - Exceptions to tax

(a) No tax shall apply to any sale or transfer:

1. By or to the United States of America, the State of New Jersey, or any instrumentality, agency or subdivision thereof;

2. To a purchaser that is recognized as qualified under IRC § 501(c)3;

3. Having the characteristics of transactions listed in N.J.S.A. 46:15-10, which concerns deeds excluded from the additional recording fee;

4. That is subject to the fee imposed tax pursuant to N.J.S.A. 46:15-7.2; or

5. That is incidental to a corporate merger or acquisition if the equalized assessed value of the classified real property transferred is less than 20 percent of the total value of all assets exchanged in the merger or acquisition.

N.J. Admin. Code § 18:16A-1.3