New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 22 - PUBLIC UTILITY TAX - WATER AND SEWERAGE
Subchapter 7 - SEWERAGE AND WATER CORPORATIONS
Section 18:22-7.2 - Purpose of the Act
Universal Citation: NJ Admin Code 18:22-7.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The purpose of the Act is to:
1. Provide a complete system and method
for the taxation of sewerage and water corporations using or occupying the public
streets, highways, roads, or other public places;
2. Exempt from taxation, other than the tax
imposed by the Act, the franchise, stock, and certain property of such
corporations;
3. Provide for the
taxation of the property of such corporations not exempt from taxation;
and
4. Provide for the reimbursement to
the State of certain costs and expenses incurred in the imposition and apportionment
of the taxes.
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