New Jersey Statutes
§ 17:48A-24 — Corporation as charitable and benevolent institution; tax exemption
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
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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