Statutes, codes, and regulations
New Jersey Statutes
Title 54 - TAXATION
Chapter 54:4 - PROPERTY SUBJECT TO TAXATION
Section 54:4-20 - Exemption of personal property of life insurance companies subject to franchise tax

N.J. Stat. § 54:4-20

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Current through L. 2024, c. 87.
Section 54:4-20 - Exemption of personal property of life insurance companies subject to franchise tax

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.

N.J.S. § 54:4-20

Amended by L.1945, c.132, p.492, s.9; L.1950, c.101, p.194, s.12.