New Jersey § 54:4-1.15 Definitions

New Jersey Statutes

§ 54:4-1.15 — Definitions

New Jersey § 54:4-1.15

Title 54TAXATION

This text of New Jersey § 54:4-1.15 (Definitions) 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. § 54:4-1.15 (2026).

Text

4.As used in R.S.54:4-1 and section 3 of P.L.1986, c.117 (C.54:4-1.12): "Machinery, apparatus or equipment" means any machine, device, mechanism, instrument, tool, tank or item of tangible personal property used or held for use in business. "Production process" means the process commencing with the introduction of raw materials or components into a systematic series of manufacturing, assembling, refining or processing operations and ceasing when the product is in the form in which it will be sold to the ultimate consumer. "Structure" means any assemblage of building or construction materials fixed in place for the primary purpose of supporting, sheltering, containing, enclosing or housing persons or property. "Used or held for use in business" means any item of machinery, apparatus or equ

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4. As used in R.S.54:4-1 and section 3 of P.L.1986, c.117 (C.54:4-1.12): "Machinery, apparatus or equipment" means any machine, device, mechanism, instrument, tool, tank or item of tangible personal property used or held for use in business. "Production process" means the process commencing with the introduction of raw materials or components into a systematic series of manufacturing, assembling, refining or processing operations and ceasing when the product is in the form in which it will be sold to the ultimate consumer. "Structure" means any assemblage of building or construction materials fixed in place for the primary purpose of supporting, sheltering, containing, enclosing or housing persons or property. "Used or held for use in business" means any item of machinery, apparatus or equipment used or held for use in a business transaction, activity, or occupation conducted for profit in New Jersey. L.1992,c.24,s.4.