18:26-6.12 Public educational, scientific and charitable institutions
(a) Property passing to or for the use of the State of New Jersey, or to or for the use of a municipal corporation within the State or other political subdivision thereof, for exclusively public purposes is exempt.
(b) Any property of any decedent which passes on or after July 1, 1963, for the use of directly, or in trust for any educational institution, church, hospital, orphan asylum, public library or bible and tract society or to or for the use of directly or in trust for any institution or organization organized and operated exclusively for religious, charitable, benevolent, scientific, literary or educational purposes, including any institution instructing the blind in the use of dogs as guides, no part of the net earnings of which inures to the benefit of any private stockholder or other individual or corporation is exempt, but such exemption does not extend to transfers of such property to educational institutions and organizations of other states, the District of Columbia, territories and foreign countries which do not grant an equal and like exemption of transfers of property for the benefit of such institutions and organizations of this State. Included within this exemption are transfers to Volunteer Fire Companies and First Aid Squads, provided such organizations meet all other tests of a charitable or benevolent group or association.
(c) Cemetery corporations are deemed to be charitable institutions within the meaning of the Act.
(a) Property passing to or for the use of the State of New Jersey, or to or for the use of a municipal corporation within the State or other political subdivision thereof, for exclusively public purposes is exempt.
(b) Any property of any decedent which passes on or after July 1, 1963, for the use of directly, or in trust for any educational institution, church, hospital, orphan asylum, public library or bible and tract society or to or for the use of directly or in trust for any institution or organization organized and operated exclusively for religious, charitable, benevolent, scientific, literary or educational purposes, including any institution instructing the blind in the use of dogs as guides, no part of the net earnings of which inures to the benefit of any private stockholder or other individual or corporation is exempt, but such exemption does not extend to transfers of such property to educational institutions and organizations of other states, the District of Columbia, territories and foreign countries which do not grant an equal and like exemption of transfers of property for the benefit of such institutions and organizations of this State. Included within this exemption are transfers to Volunteer Fire Companies and First Aid Squads, provided such organizations meet all other tests of a charitable or benevolent group or association.
(c) Cemetery corporations are deemed to be charitable institutions within the meaning of the Act.
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