N.J.S.A. 54:4-3.7 — Charitable institution tax exemption

54:4-3.7. Charitable institution tax exemption The funds of all charitable and benevolent institutions and associations collected and held exclusively for the sick and disabled members thereof, or for the surviving spouses of deceased members, or for the education, support or maintenance of the children of deceased members, and all endowments and funds held and administered exclusively for charitable, benevolent, religious or hospital purposes within this State shall be exempt from taxation under this chapter. Amended by L. 1985, c. 515, s. 1.

This is the verbatim text of N.J.S.A. 54:4-3.7, 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.