New Jersey § 54:4-3
Full text of New Jersey New Jersey Statutes § 54:4-3, with citation guidance and answers to common questions.
§ 54:4-3.
A sports and entertainment project constructed under a redevelopment plan adopted
by an eligible city and owned by the eligible city, or an agency or instrumentality
of the eligible city, which is used and operated by the eligible city, or the agency
or instrumentality of the eligible city, or by a lessee thereof under a lease from
the eligible city, or agency or instrumentality of the eligible city, to provide sports
and entertainment events, shows, public meetings or events, exhibitions, or other
expositions, shall be deemed to be devoted to an essential public and governmental
use and purpose, and the property thereof and any such leasehold estate therein shall
be exempt from all property taxation and special assessments of the State or any political
subdivision thereof, imposed under chapter 4 of Title 54 of the Revised Statutes ,
so long as the agency or instrumentality of the eligible city complies with the requirements
of section 2 of P.L.2009, c. 6 ( C.54:4-3.6g ).
Frequently Asked Questions About New Jersey § 54:4-3
What does New Jersey Statutes § 54:4-3 cover?
Section 54:4-3 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 54:4-3?
A common citation format is "New Jersey Statutes § 54:4-3" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 54:4-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.