N.J. Admin. Code § 18:22-7.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:22-7.2 - Purpose of the Act

(a) The purpose of the Act is to:

1. Provide a complete system and method for the taxation of sewerage and water corporations using or occupying the public streets, highways, roads, or other public places;

2. Exempt from taxation, other than the tax imposed by the Act, the franchise, stock, and certain property of such corporations;

3. Provide for the taxation of the property of such corporations not exempt from taxation; and

4. Provide for the reimbursement to the State of certain costs and expenses incurred in the imposition and apportionment of the taxes.

N.J. Admin. Code § 18:22-7.2

Amended by 49 N.J.R. 1103(a), effective 5/1/2017