53:5A-40. Payment of proceeds of tax on foreign insurance companies to state treasurer for deposit in general funds
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/nj/title-53/chapter-5a/53-5a-40A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
While 1/8 of the 2% tax collected by the State Tax Commissioner under section 54:17-1 of the Title Taxation from insurance companies of other States and foreign countries, on premiums of insurance against automobile liability, automobile property damage, automobile collision and automobile fire and theft insurance risks in this State, were turned over monthly by the State Tax Commissioner to the State Treasurer to be added to the former "State Police Retirement and Benevolent Fund" the proceeds of such tax shall henceforth be paid to the State Treasurer for deposit in the funds of the General Treasury.
L.1965, c. 89, s. 40, eff. July 1, 1965.