Statutes, codes, and regulations
New Jersey Statutes
Title 54 - TAXATION
Chapter 54:4 - PROPERTY SUBJECT TO TAXATION
Section 54:4-3.11 - Exemption of franchises; railroad and canal property

N.J. Stat. § 54:4-3.11

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Current through L. 2024, c. 87.
Section 54:4-3.11 - Exemption of franchises; railroad and canal property

All offices and franchises, and all property used for railroad or canal purposes by a railroad or canal company subject under any other law of this State to a franchise tax imposed upon it for the privilege of operating within this State, shall be exempt from taxation under this chapter.

N.J.S. § 54:4-3.11

Amended by L.1964, c.251, s.1, effective 1/1/1966.