48:15-43.2 - Trackless trolleys deemed autobuses for certain purposes; taxation - New Jersey Statutes

48:15-43.2.  Trackless trolleys deemed autobuses for certain purposes; taxation
    Whenever any traction company, or company operating or authorized by the laws of this State to operate a street railway or railroad operated as a street  railway or an elevated railroad or a subway by means of an overhead trolley  system shall operate substituted vehicles of the character described in section  48:15-41 of this Title, such vehicles and the operation thereof shall with  respect to traffic regulations, registration as motor vehicles and for the  purpose of taxation be deemed to be autobuses, and every such company operating  such autobuses as aforesaid shall be required to pay taxes as prescribed by law  for street railway and traction companies operating autobuses.

     Amended by L.1941, c. 131, p. 447, s. 3, eff. May 16, 1941.