There is a newer version of the New Jersey Revised Statutes
2016 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:4-3.11 - Exemption Of Franchises; Railroad And Canal Property
NJ Rev Stat § 54:4-3.11 (2016) What's This?
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.
Amended by L.1964, c. 251, s. 1, effective Jan. 1, 1966.
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