All tangible household personal property and
personal effects located within the Township of Montclair shall not
be assessed and taxed.
This article shall apply to taxes on tangible
household personal property and personal effects due and payable in
the year 1962 and thereafter so long as this article shall be in effect,
but 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 any such
taxes levied for any year prior to the year 1962, nor shall this article
affect the legal authority to assess and collect any such taxes which
may be or have been due and payable prior to January 1, 1962, together
with such interest and penalties as would have accrued thereon under
any provisions of law amended or repealed hereby; nor shall this article
invalidate any assessments or affect any proceedings for the enforcement
thereof pending upon the effective date of this article or upon January
1, 1962, or during the period between said dates.
A certified copy of this article shall be filed
with the Division of Taxation in the Department of the Treasury of
the State of New Jersey and with the County Board of Taxation of Essex
County.