54:29A-11. Assessment in lieu
67 words·~1 min read·
/nj/title-54/chapter-29a/54-29a-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Taxes assessed pursuant to this act shall be in lieu of all other State or local taxation of or measured by property used for railroad purposes, including the main stem, tangible personal property and facilities used in passenger service, other than assessments for benefits.
L.1941, c. 291, p. 777, s. 11. Amended by L.1964, c. 251, s. 4; L.1966, c. 139, s. 3, eff. June 17, 1966.