54:29A-7 - Property taxable; rate - New Jersey Statutes

54:29A-7.  Property taxable;  rate
    There is hereby levied an annual property tax upon all property used for railroad purposes, other than (a) main stem, (b) tangible personal property and  (c) facilities used in passenger service, which tax shall be assessed by the  commissioner, in the manner hereinafter provided and at the rate of $4.75 for  each $100.00 of the true value of such property for the year 1967 and each year  thereafter.

     L.1941, c. 291, p. 776, s. 7.  Amended by L.1948, c. 40, p. 116, s. 4; L.1964, c. 251, s. 2;  L.1966, c. 139, s. 2, eff. June 17, 1966.