N.J. Stat. § 54:4-3.54a

Current through L. 2024, c. 80.

Section 54:4-3.54a - Certain historic properties exempt from taxation; qualifications

After the effective date of P.L. 2004, c. 183(C.54:4-3.54a et seq.), any building, its pertinent contents and the land on which it is erected and which may be necessary for the fair enjoyment thereof, owned by a nonprofit corporation that: is organized under P.L. 1983, c.127 (C.15A:1-1 et seq.); is qualified for tax exempt status under the Internal Revenue Code of 1986, 26 U.S.C. s. 501(c) and meets all other State and federal requirements; has a primary mission as an historical organization to research, preserve and interpret history and architectural history; and has been certified to be an historic site by the Commissioner of Environmental Protection, shall be exempt from taxation upon application to, and certification by, the Director of the Division of Taxation in the Department of the Treasury.

N.J.S. § 54:4-3.54a

Amended by L. 2007, c. 157,s. 5, eff. 8/21/2007.

Added by L. 2004, c. 183, s. 1, eff. 12/22/2004.

L. 2007, c. 157, s. 8, amends L. 2004, c. 183, s. 4, to read as follows: "This act shall take effect immediately and shall be applicable to any historic site determined to be eligible to receive an historic site real property taxation exemption after July 1, 1999, and to any historic site for which application is made for real property tax exempt status as an historic site after July 1, 1999."