2016 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:4-3.7 - Charitable Institution Tax Exemption
54:4-3.7. Charitable institution tax exemption
The funds of all charitable and benevolent institutions and associations collected and held exclusively for the sick and disabled members thereof, or for the surviving spouses of deceased members, or for the education, support or maintenance of the children of deceased members, and all endowments and funds held and administered exclusively for charitable, benevolent, religious or hospital purposes within this State shall be exempt from taxation under this chapter.
Amended by L. 1985, c. 515, s. 1.
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