N.J.A.C. 18:22-7.3 - Taxation of Property, Franchises, Stock, or Gross Receipts

(a) Sewerage and water corporations using public streets, highways, roads, or other public places, and their property and franchises, are subject to taxation only as provided by the Act.

(b) The corporations enumerated in (a) above are not subject to any other taxes upon their property, franchises, stock, or gross receipts, and the shares of stock of any such corporation are not taxed in the hands of shareholders.