55:14K-34.Ā  Tax exemptions
a.Ā  All property of the agency is hereby declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the State or any subdivision thereof.Ā  All bonds issued pursuant to this act are hereby declaredĀ  to be issued by a body corporate and politic of this State and for an essentialĀ  public and governmental purpose and such bonds, and the interest thereon andĀ  the income therefrom, and all fees, charges, funds, revenues, income and otherĀ  moneys pledged or available to pay or secure the payment of such bonds, orĀ  interest thereon, shall at all times be exempt from taxation, except forĀ  transfer inheritance and estate taxes.

b.Ā  The sale to a housing sponsor of all materials and supplies to be used to construct, improve or rehabilitate a housing project financed by a loan madeĀ  by the agency to the housing sponsor shall be exempt from all sales taxes ofĀ  the State or any subdivision thereof.

L.1983, c. 530, s. 34, eff. Jan. 17, 1984.
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