New Jersey Statutes
§ 32:1-131 — Objects of bridges and tunnels; tax exemption
New Jersey·Title 32 INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
The construction, maintenance and operation of vehicular bridges and tunnels within the said Port of New York District (including the said Holland tunnel and the said Midtown Hudson tunnel), are and will be in all respects for the benefit of the people of the states of New York and New Jersey, for the increase of their commerce and prosperity and for the improvement of their health and living conditions; and the port authority shall be regarded as performing an essential governmental function in undertaking the construction, maintenance and operation thereof and in carrying out the provisions of law relating thereto, and shall be required to pay no taxes or assessments upon any of the property acquired or used by it for such purposes. L.1931, c. 4, s. 14, p. 26.
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Nearby Sections
15
§ 32:1-1
Preamble§ 32:1-10
Municipal powers not impaired§ 32:1-100
Condemnation procedure§ 32:1-101
Definition of "real property"§ 32:1-102
Interpretation§ 32:1-103
Effect of partial invalidity§ 32:1-104
Appropriation§ 32:1-105
Similar legislation by New York state§ 32:1-106
Effective date§ 32:1-108
Similar advance by New York state§ 32:1-11
Plans to be adopted§ 32:1-110
Repayment of state advances