54:4-3.133 - Certificate; issuance; contents; commencement of exemption - New Jersey Statutes

54:4-3.133.  Certificate;  issuance;  contents;  commencement of exemption    The enforcing agency shall certify that an automatic fire suppression system  is exempt from taxation pursuant to section 2 of this act when the equipment,  facility, or system installed was designed primarily as an automatic fire  suppression system in accordance with regulations prescribed by the  commissioner.  The certificate shall contain information identifying the system  and its cost and shall conform to any other requirements prescribed by the  Director of the Division of Taxation.  The certificate shall be submitted to  the claimant;  one copy of the certificate shall be retained on file by the  enforcing agency and one copy shall be sent to the assessor of the taxing  district in which the building equipped with the automatic fire suppression  system is located.  The exemption from taxation for the automatic fire  suppression system shall commence in the tax year following the year in which  certification has been granted.

     L.1983, c. 309, s. 4.