54:4-3.6a.Ā  Exemption of property of nonprofit association used for production and broadcasting of educational television and radio In addition to the exemptions from taxation authorized by Revised Statutes 54:4-3.6 the following property shall be exempt from taxation under the chapterĀ  to which this act is a supplement:Ā  All buildings and structures located inĀ  this State and used exclusively by a nonprofit association or corporationĀ  organized under the laws of this or another state for the production andĀ  broadcasting of educational television or educational radio programs;Ā  the landĀ  whereon the buildings and structures are erected and which may be necessary forĀ  the fair enjoyment thereof, and which is devoted to the foregoing purpose, andĀ  no other purpose, and does not exceed 30 acres in extent;Ā  the furniture,Ā  equipment and personal property in said buildings and structures if used andĀ  devoted to the foregoing purpose.Ā  The foregoing exemption shall apply onlyĀ  where the association or corporation owns the property in question and isĀ  authorized to carry out the purpose on account of which the exemption isĀ  claimed.

L.1967, c. 24, s. 1, eff. April 18, 1967.Ā  Amended by L.1979, c. 50, s. 2, eff. May 21, 1979.
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