Corporation as charitable and benevolent institution; tax exemption

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  2. New Jersey Revised Statutes
  3. Corporations and Institutions for Finance and Insurance
  4. Corporation as charitable and benevolent institution; tax exemption

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17:48A-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.


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