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New Jersey Statutes, Title: 54, TAXATION

    Chapter 4: Property subject to taxation.

      Section: 54:4-3.7: Charitable institution tax exemption

           The funds of all charitable and benevolent institutions and associations collected and held exclusively for the sick and disabled members thereof, or for the surviving spouses of deceased members, or for the education, support or maintenance of the children of deceased members, and all endowments and funds held and administered exclusively for charitable, benevolent, religious or hospital purposes within this State shall be exempt from taxation under this chapter.

Amended by L. 1985, c. 515, s. 1.



This section added to the Rutgers Database: 2012-09-26 13:37:56.






Older versions of 54:4-3.7 (if available):



Court decisions that cite this statute: CLICK HERE.