N.J.S.A. 12:7-34.47b — Documented power vessel based within state

12:7-34.47b. Documented power vessel based within state For the purposes of this act a documented power vessel is based within this State if its owner owns, maintains, leases or rents space in this State for its storage, mooring or servicing on other than a transient basis. L.1965, c. 206, s. 7, eff. Dec. 21, 1965. 12:7-34.47c. Application procedure for exemption certificate 8. (a) Applications for the issuance of a tax exemption certificate shall be made to the division on forms prescribed and supplied by it. Upon application and payment of the fees prescribed, the director shall provide suitable evidence of compliance with this act which shall be displayed in or on each power vessel in a manner to be provided by regulations of the director. (b) Application for a tax exemption certificate for the tax year 1966 and all subsequent tax years shall be filed with the division on or before June 1 of the tax year or within 30 days of the purchase or acquisition of the power vessel, whichever date is the later. L.1965,c.206,s.8; amended 1995,c.401,s.29. 12:7-34.47d. Fee for certificate A fee of $1.00 shall be charged and collected for the issuance of a tax exemption certificate for each vessel and for the annual renewal of said certificate L.1965, c. 206, s. 9, eff. Dec. 21, 1965. Amended by L.1972, c. 50, s. 2; L.1980, c. 97, s. 11, eff. July 1, 1981. 12:7-34.47e. Director authorized to utilize machine records facilities 10. The director is authorized to utilize the machine records facilities of other State agencies in the administration of this act. L.1965,c.206,s.10; amended 1995,c.401,s.30. 12:7-34.47f. Governmental fee exception 11. The director shall issue a tax exemption certificate, without fee, for any power vessel owned, or leased by, the State, a county or municipality or by any instrumentality thereof or by any agency or authority created by this State or by compact between this and any other State or States. L.1965,c.206,s.11; amended 1995,c.401,s.31. 12:7-34.47g. Charitable organization fee exception 12. The director shall issue a tax exemption certificate, without fee, for any power vessel owned by associations or corporations organized exclusively for charitable purposes. L.1965,c.206,s.12; amended 1995,c.401,s.32.

This is the verbatim text of N.J.S.A. 12:7-34.47b, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.