New Jersey Statutes > Title 54 > Chapter 15C – Tax On Transfer Over $1,000,000 of Controlling Interest in Certain Commercial Property
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| § 54:15C-1 | Tax on transfer over $1,000,000 of controlling interest in certain commercial property |
Terms Used In New Jersey Statutes > Title 54 > Chapter 15C - Tax On Transfer Over $1,000,000 of Controlling Interest in Certain Commercial Property
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- month: means a calendar month, and the word "year" means a calendar year. See New Jersey Statutes 1:1-2
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- real property: include lands, tenements and hereditaments and all rights thereto and interests therein. See New Jersey Statutes 1:1-2
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2