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New Jersey Statutes, Title: 40A, MUNICIPALITIES AND COUNTIES

    Chapter 20:

      Section: 40A:20-13.1: Tax exemption

           4. The provisions of sections 12 and 13 of P.L.1991, c.431 (C.40A:20-12 and C.40A:20-13) to the contrary notwithstanding, a qualified subsidized housing project may be exempted from taxation for such period of time as the federal agency subsidizing the project may require as a condition of the subsidy. The exemption from taxation may be extended for an additional period of time as may be required in order to secure a continuation of federal subsidies after the expiration of the initial subsidy period.

L.1994,c.87,s.4.



This section added to the Rutgers Database: 2012-09-26 13:37:53.






Older versions of 40a:20-13.1 (if available):



Court decisions that cite this statute: CLICK HERE.