N.J.A.C. 18:23-2.4 - Improvements to Capital Facilities

The improvements to capital facilities, as defined by N.J.S.A. 54:29A-17.1, undertaken by a railroad pursuant to the provisions of a contract with the New Jersey Department of Transportation or with a municipality, where such improvements were made after January 1, 1963, are not subject to valuation under the Act.