Corporation as charitable and benevolent institution; tax exemption

N.J. Stat. § 17:48A-24
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements