54:4-3.3a. Real property acquired by state, state agency or state authority; exemption during period following acquisition
47 words·~1 min read·
/nj/title-54/chapter-4/54-4-3-3a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Real property acquired by the State or by a State agency, or by an authority created by the State, shall not be exempt from taxation during the period or periods following such acquisition, as prescribed in this act.
L.1971, c. 370, s. 1, eff. Dec. 30, 1971.