NJ Rev Stat § 54:29A-8 - Leased Property

Section 29A-8 - Leased Property
Section 29A-7.1 - Real Property Deemed to Be in Railroad Use Regardless of Ownership or PossessionSection 29A-10 - Grade Crossing Improvements Exempt

If the property of a railroad be leased to or operated by another corporation, foreign or domestic, the property of the lessor, or company whose property is operated, shall be subject to taxation in the manner provided in this act.

L.1941, c. 291, p. 776, s. 8.

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