54:4-1.15 - DefinitionsĀ
54:4-1.15. DefinitionsĀ
4. As used in R.S.54:4-1 and section 3 of P.L.1986, c.117 (C.54:4-1.12):Ā
Ā "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.Ā
Ā "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.Ā
Ā "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.Ā
Ā "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.Ā
Ā L.1992,c.24,s.4.Ā
4. As used in R.S.54:4-1 and section 3 of P.L.1986, c.117 (C.54:4-1.12):Ā
Ā "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.Ā
Ā "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.Ā
Ā "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.Ā
Ā "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.Ā
Ā L.1992,c.24,s.4.Ā