Pursuant to the provisions of the New Jersey Laws of 1960, Chapter
51, as amended, N.J.S.A. 54:4-9.2, all tangible personal property
and effects located within the Township shall not be taxed or assessed.
This article shall apply to taxes on tangible personal property
and personal effects due and payable in the year 1962, and thereafter,
so long as this chapter shall be in effect, and shall not affect the
obligation, lien, or duty to pay any taxes, interest or penalties
which have accrued or may accrue by virtue of any assessment made
or which may be made with respect to taxes levied for any year prior
to the year 1962, nor shall this chapter affect the legal authority
to assess and collect taxes which may be or have been due prior to
January 1, 1962, together with such interest and penalties as would
have accrued thereon under the provisions of law amended or repealed
hereby; nor shall this chapter invalidate any assessments or affect
any proceedings for the enforcement thereof pending upon the effective
date of this chapter or on January 1, 1962, or during the period between
said dates.
A certified copy of this chapter has been filed with the Division
of Taxation in the Department of the Treasury of the State of New
Jersey and with the Board of Taxation of the County of Burlington.