2023 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:4-3.160 - Resolution to provide property tax exemption for medical practices in Health Enterprise Zones.
54:4-3.160 Resolution to provide property tax exemption for medical practices in Health Enterprise Zones.
4. A municipality that has within its boundaries a Health Enterprise Zone as described in section 1 of P.L.2004, c.139 (C.54A:3-7) may adopt a resolution that provides for an exemption from taxation as real property of that portion of a structure or building that is used to house a medical or dental primary care practice as defined in N.J.S.18A:71C-32 and that is located in that designated area. The exemption shall be in effect for tax years that are within the period of designation as a State designated underserved area and shall be contingent upon an annual application therefor filed by the property owner with, and approved by, the local tax assessor.
L.2004,c.139,s.4.