N.J.S.A. 48:15-43.2 — Trackless trolleys deemed autobuses for certain purposes; taxation

48:15-43.2. Trackless trolleys deemed autobuses for certain purposes; taxation Whenever any traction company, or company operating or authorized by the laws of this State to operate a street railway or railroad operated as a street railway or an elevated railroad or a subway by means of an overhead trolley system shall operate substituted vehicles of the character described in section 48:15-41 of this Title, such vehicles and the operation thereof shall with respect to traffic regulations, registration as motor vehicles and for the purpose of taxation be deemed to be autobuses, and every such company operating such autobuses as aforesaid shall be required to pay taxes as prescribed by law for street railway and traction companies operating autobuses. Amended by L.1941, c. 131, p. 447, s. 3, eff. May 16, 1941.

This is the verbatim text of N.J.S.A. 48:15-43.2, 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.