New Jersey Statutes
§ 40A:21-18 — Act not available to casinos
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
18.Notwithstanding any other provision of this act, no exemption or abatement or tax agreement shall be allowed with respect to any facility containing a licensed gambling casino. The issuance of a casino license shall operate to invalidate any existing exemption, abatement or tax agreement, and all unpaid taxes otherwise due, were the exemption, abatement or tax agreement not granted, on the full and true value of the property shall become immediately due and payable. L.1991,c.441,s.18.
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Nearby Sections
15
§ 40A:21-1
Short title§ 40A:21-10
Formula for payments under tax agreements.§ 40A:21-16
Applications, forms, records.§ 40A:21-18
Act not available to casinos§ 40A:21-19
Rules, regulations§ 40A:21-2
Findings, purpose§ 40A:21-20
Notice to taxpayers§ 40A:21-21
Municipal reports to DCA, Treasury§ 40A:21-3
Definitions.