New Jersey Statutes 54:4-20. Exemption of personal property of life insurance companies subject to franchise tax
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Terms Used In New Jersey Statutes 54:4-20
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The personal property of whatever kind and wherever located of any life insurance company incorporated under any law of this State subject under any law of this State to a franchise tax imposed upon it for the privilege of carrying on its business shall be and is hereby expressly exempted from taxation.
Amended by L.1945, c. 132, p. 492, s. 9; L.1950, c. 101, p. 194, s. 12.