New Jersey § 54:4-1.12 Storage tank deemed real property

New Jersey Statutes

§ 54:4-1.12 — Storage tank deemed real property

New Jersey § 54:4-1.12

Title 54TAXATION

This text of New Jersey § 54:4-1.12 (Storage tank deemed real property) 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. § 54:4-1.12 (2026).

Text

3.For the purposes of chapter 4 of Title 54 of the Revised Statutes and notwithstanding the provisions of R.S.54:4-1, a storage tank having a capacity of more than 30,000 gallons is deemed to be real property. The fact that products are mixed, blended, heated or subjected to a similar non-production process within a storage tank shall not in itself render that tank personal property. L.1986,c.117,s.3; amended 1992,c.24,s.5.

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3. For the purposes of chapter 4 of Title 54 of the Revised Statutes and notwithstanding the provisions of R.S.54:4-1, a storage tank having a capacity of more than 30,000 gallons is deemed to be real property. The fact that products are mixed, blended, heated or subjected to a similar non-production process within a storage tank shall not in itself render that tank personal property. L.1986,c.117,s.3; amended 1992,c.24,s.5.