New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 16A - CONTROLLING INTEREST TRANSFER TAX
Subchapter 1 - CONTROLLING INTEREST TRANSFER TAX
Section 18:16A-1.3 - Exceptions to tax
Universal Citation: NJ Admin Code 18:16A-1.3
Current through Register Vol. 56, No. 18, September 16, 2024
(a) No tax shall apply to any sale or transfer:
1. By or to the United
States of America, the State of New Jersey, or any instrumentality, agency or
subdivision thereof;
2. To a purchaser
that is recognized as qualified under IRC § 501(c)3;
3. Having the characteristics of transactions
listed in 46:15-10, which concerns deeds excluded
from the additional recording fee;
4.
That is subject to the fee imposed tax pursuant to
46:15-7.2; or
5. That is incidental to a corporate merger or
acquisition if the equalized assessed value of the classified real property
transferred is less than 20 percent of the total value of all assets exchanged in
the merger or acquisition.
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