New Jersey Statutes 54:4-2. Taxation of property of corporations
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Terms Used In New Jersey Statutes 54:4-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Except as otherwise provided as to particular corporations, all property, real and personal, of a corporation shall be taxed the same as the real and personal property of an individual.