No Property Tax on Government-Owned Stadiums in New Jersey

As of November 21, 2016, New Jersey Governor Chris Christie has amended New Jersey tax law to clarify that government-owned stadiums and arenas are exempt from property taxation. The signing of this bill quells uncertainty following a decision by a New Jersey tax court which denied a non-profit hospital its tax benefits last year. The court’s decision was focused in part on the hospital’s mix of non-profit and for-profit activity. Up until this point, it was not clear whether the decision would bring forth similar…
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