State Codes and Statutes
Statutes > New-jersey > Title-17 > Section-17-48a > 17-48a-2417:48A-24. Corporation as charitable and benevolent institution; tax exemption
Any corporation subject to the provisions of this act is hereby declared to be a charitable and benevolent institution, and its funds and property shall be exempt from taxation by the State or any political subdivision thereof.
L.1940, c. 74, p. 198, s. 24.
