Exemption of personal property of life insurance companies subject to franchise tax

N.J. Stat. § 54:4-20
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The personal property of whatever kind and wherever located of any life insurance company incorporated under any law of this State subject under any law of this State to a franchise tax imposed upon it for the privilege of carrying on its business shall be and is hereby expressly exempted from taxation. Amended by L.1945, c. 132, p. 492, s. 9; L.1950, c. 101, p. 194, s. 12.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements

N.J. Stat. § 54:4-20 — Exemption of personal property of life insurance companies subject to franchise tax | New Jersey Statutes (Aug. 2026 snapshot) | Corpus