N.J.S.A. 54:4-3.26 — Exemption of certain property of fraternal organizations

54:4-3.26. Exemption of certain property of fraternal organizations All real and personal property used in the work and for the purposes of one or more fraternal organizations or lodges, or any association or society organized on the lodge plan, or affiliated associations, whether incorporated or unincorporated, shall be exempt from taxation under this chapter, if the legal or beneficial ownership of such property is in one or more of said organizations, lodges, associations or societies, and no part of such property is used for pecuniary profit, provided that each such organization, lodge, association or society is also organized and operated in substantial part for charitable or educational purposes and demonstrates these aims in its programs and activities. Amended by L.1971, c. 320, s. 1, eff. Oct. 21, 1971.

This is the verbatim text of N.J.S.A. 54:4-3.26, 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.