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Code · New Jersey · Title 17 — Notice and Publication · Chapter 48A

17:48A-24. Corporation as charitable and benevolent institution; tax exemption

44 words·~1 min read·/nj/title-17/chapter-48a/17-48a-24

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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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