New Jersey § 40:37C-12 Tax exemptions

New Jersey Statutes

§ 40:37C-12 — Tax exemptions

New Jersey § 40:37C-12

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:37C-12 (Tax exemptions) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 40:37C-12 (2026).

Text

All bonds issued pursuant to the act are hereby declared to be issued for an essential public and governmental purpose and such bonds, and the interest thereon and the income therefrom, and all funds, revenues, income and other moneys received or to be received by the issuing authority and pledged or available to pay or secure the payment of such bonds, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes. L.1973, c. 376, s. 12, eff. Jan. 9, 1974.

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All bonds issued pursuant to the act are hereby declared to be issued for an essential public and governmental purpose and such bonds, and the interest thereon and the income therefrom, and all funds, revenues, income and other moneys received or to be received by the issuing authority and pledged or available to pay or secure the payment of such bonds, or interest thereon, shall at all times be exempt from taxation except for transfer, inheritance and estate taxes. L.1973, c. 376, s. 12, eff. Jan. 9, 1974.