New Jersey § 54:4-1
Full text of New Jersey New Jersey Statutes § 54:4-1, with citation guidance and answers to common questions.
§ 54:4-1.
a. Nothing in this act shall be construed to limit municipal taxation of real estate
pursuant to R.S.54:4-1 of current or former remitters of the transitional energy facility assessment, or
of a corporate or non-corporate legal successor or assignee of a current or former
remitter of the transitional energy facility assessment whether through any reorganization,
sale, bankruptcy, consolidation, merger or other transaction or occurrence of any
kind without limitation. As used in this section, “real estate” means lands and buildings, but shall not
include items of the type as set forth in the list of scheduled property for gas systems
and electric light, heat and power systems in section 10 of P.L.1940, c. 5 ( C.54:30A-58 ) prior to January 1, 1998. As provided in that list, railways, tracks, ties, lines, wires, cables, poles, pipes,
conduits, bridges, viaducts, dams and reservoirs (except that the lands upon which
dams and reservoirs are situated shall be included as real estate), machinery, apparatus
or equipment, notwithstanding any attachment thereof to lands or buildings owned by
current or former remitters of the transitional energy facility assessment, or of
a corporate or non-corporate legal successor or assignee of a current or former remitter
of the transitional energy facility assessment whether through any reorganization,
sale, bankruptcy, consolidation, merger or other transaction or occurrence of any
kind without limitation, are not real estate. b. No municipality, regional or county governmental agency shall directly or indirectly
tax as real property, or include within the assessment of real property, the public
utility owned electrical interconnect, water lines or gas lines, or any value thereof,
which were set forth in the list of scheduled property for gas systems and electric
light, heat and power systems in section 10 of P.L.1940, c. 5 ( C.54:30A-58 ), prior to enactment of this act whether or not on the real estate of current or
former remitters of the transitional energy facility assessment.
Frequently Asked Questions About New Jersey § 54:4-1
What does New Jersey Statutes § 54:4-1 cover?
Section 54:4-1 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 § 54:4-1?
A common citation format is "New Jersey Statutes § 54:4-1" (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 § 54:4-1 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.