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2020 New Jersey Revised Statutes
Title 17 - Corporations and Institutions for Finance and Insurance
Section 17:48A-24 - Corporation as charitable and benevolent institution; tax exemption
Universal Citation: NJ Rev Stat § 17:48A-24 (2020)
17:48A-24. Corporation as charitable and benevolent institution; tax exemption
Any corporation subject to the provisions of this act is hereby declared to be a charitable and benevolent institution, and its funds and property shall be exempt from taxation by the State or any political subdivision thereof.
L.1940, c. 74, p. 198, s. 24.
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