54:4-3.27 - Exemption of property of certain volunteer aid and relief associations or organizations
54:4-3.27.Ā Exemption of property of certain volunteer aid and relief associations or organizations
All real and personal property used in the work and for the purposes of anyĀ association or organization, whether incorporated or unincorporated, organizedĀ for the purpose of furnishing volunteer aid to the sick and wounded of armiesĀ in time of war or for the purpose of continuing and carrying on a national andĀ international system of relief in peacetime to mitigate the sufferings causedĀ by pestilence, famine, fire, floods, or other great national calamities, or forĀ both of said purposes, shall be exempt from taxation under this chapter, if theĀ legal or beneficial ownership of such property is in such association orĀ organization, and no part of such property is used for pecuniary profit.
L.1942, c. 10, p. 27, s. 1.
Ā
All real and personal property used in the work and for the purposes of anyĀ association or organization, whether incorporated or unincorporated, organizedĀ for the purpose of furnishing volunteer aid to the sick and wounded of armiesĀ in time of war or for the purpose of continuing and carrying on a national andĀ international system of relief in peacetime to mitigate the sufferings causedĀ by pestilence, famine, fire, floods, or other great national calamities, or forĀ both of said purposes, shall be exempt from taxation under this chapter, if theĀ legal or beneficial ownership of such property is in such association orĀ organization, and no part of such property is used for pecuniary profit.
L.1942, c. 10, p. 27, s. 1.
Ā