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. Upon the granting of an exemption from taxation as real property pursuant to section
4 of P.L.2004, c. 139 ( C.54:4-3.160 ), an owner of the building or structure granted the exemption shall rebate to a tenant
engaged in the medical or dental primary care practice an amount equal to the exemption,
which may be a lump sum or rebated through discounted rental payments. b. The tenant engaged in the medical or dental primary care practice or the owner
of the building or structure granted the exemption shall annually submit proof to
the local tax assessor that the amount of the exemption was rebated to the eligible
tenant. If proof satisfactory to the tax assessor is not provided in the manner that the
tax assessor shall establish, the exemption shall not be allowed for the tax year
and the owner of the property shall refund the amount of the exemption for that tax
year to the municipal tax collector.
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.