Statutes, codes, and regulations
New Jersey Administrative Code
Title 18 - TREASURY - TAXATIONChapter 23 - RAILROAD PROPERTY TAX
Subchapter 3 - PROPERTY SUBJECT TO NEW JERSEY RAILROAD PROPERTY TAX
Section 18:23-3.2 - Leased property

N.J. Admin. Code § 18:23-3.2

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 18:23-3.2 - Leased property

Any property of a railroad leased to, or operated by, another corporation, foreign or domestic, and used for railroad purposes, is assessed and taxed to the lessor (or railroad) in the same manner as other property subject to the Act.

N.J. Admin. Code § 18:23-3.2

Amended by 49 N.J.R. 456(b), effective 3/6/2017