US Lawyer Database

36 §652. Property of institutions and organizations

§652. Property of institutions and organizations 1.  Property of institutions and organizations.  The property of institutions and organizations is exempt from taxation as provided in this subsection.   A. The real estate and personal property owned and occupied or used solely for their own purposes by incorporated benevolent and charitable institutions are exempt from taxation. […]

36 §653. Estates of veterans

§653. Estates of veterans The following estates of veterans are exempt from taxation:   [PL 1973, c. 66, §5 (AMD).] 1.  Estates of veterans and servicemen.    A.   [PL 1973, c. 66, §6 (RP).] B.   [PL 1973, c. 66, §6 (RP).] C. The estates up to the just value of $6,000, having a […]

36 §654. Estates of certain persons (REPEALED)

§654. Estates of certain persons (REPEALED) SECTION HISTORY PL 1973, c. 66, §§7,8 (AMD). PL 1975, c. 247 (AMD). PL 1975, c. 623, §53 (AMD). PL 1975, c. 765, §12 (AMD). PL 1975, c. 770, §202 (AMD). PL 1977, c. 420 (AMD). PL 1979, c. 732, §§24,31 (AMD). PL 1983, c. 777, §2 (AMD). PL […]

36 §654-A. Estates of legally blind persons

§654-A. Estates of legally blind persons 1.  Exemption.  The residential real estate up to the just value of $4,000, having a taxable situs in the place of residence, of inhabitants of the State who are legally blind as determined by a properly licensed Doctor of Medicine, Doctor of Osteopathy or Doctor of Optometry is exempt […]

36 §655. Personal property

§655. Personal property The following personal property is exempt from taxation:   1.  Personal property.    A. Industrial inventories including raw materials, goods in process and finished work on hand;   [PL 1973, c. 592, §13 (RPR).] B. Stock-in-trade, including inventory held for resale by a distributor, wholesaler, retail merchant or service establishment. “Stock-in-trade” also […]

36 §656. Real estate

§656. Real estate The following real estate is exempt from taxation:   1.  Real estate.    A. The aqueducts, pipes and conduits of any corporation supplying a municipality with water are exempt from taxation, when such municipality takes water therefrom for the extinguishment of fires without charge.   B. Mines of gold, silver or baser […]