New Jersey § 18a:72a-18
Full text of New Jersey New Jersey Statutes § 18a:72a-18, with citation guidance and answers to common questions.
§ 18a:72a-18.
The exercise of the powers granted by this chapter will be in all respects for the
benefit of the people of this state, for the increase of their commerce, welfare and
prosperity, and for the improvement of their health and living conditions, and as
the operation and maintenance of a project by the authority or its agent will constitute
the performance of an essential public function, neither the authority nor its agent
shall be required to pay any taxes or assessments upon or in respect of a project
or any property acquired or used by the authority or its agent under the provisions
of this chapter or upon the income therefrom, and any bonds issued under the provisions
of this chapter, their transfer and the income therefrom, including any profit made
on the sale thereof, shall at all times be free from taxation of every kind by the
state and by the municipalities and other political subdivisions in the state.
Frequently Asked Questions About New Jersey § 18a:72a-18
What does New Jersey Statutes § 18a:72a-18 cover?
Section 18a:72a-18 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 § 18a:72a-18?
A common citation format is "New Jersey Statutes § 18a:72a-18" (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 § 18a:72a-18 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.