54:4-3.27 - Exemption of property of certain volunteer aid and relief associations or organizations - New Jersey Statutes

54:4-3.27.  Exemption of property of certain volunteer aid and relief associations or organizations
    All real and personal property used in the work and for the purposes of any  association or organization, whether incorporated or unincorporated, organized  for the purpose of furnishing volunteer aid to the sick and wounded of armies  in time of war or for the purpose of continuing and carrying on a national and  international system of relief in peacetime to mitigate the sufferings caused  by pestilence, famine, fire, floods, or other great national calamities, or for  both of said purposes, shall be exempt from taxation under this chapter, if the  legal or beneficial ownership of such property is in such association or  organization, and no part of such property is used for pecuniary profit.

     L.1942, c. 10, p. 27, s. 1.