New Jersey Tax Court May 19, 2000 (Town of Secaucus v. City of Jersey City)

KUSKIN, J.T.C.

Plaintiff, Town of Secaucus, challenges the exemption from local property taxation granted for tax years 1998 and 1999 by defendant City of Jersey City (“Jersey City”) to defendant TPI Urban Renewal Corporation (“TPI”) pursuant to N.J.S.A 40:55C-65, a provision of the Fox-Lance Law, N.J.S.A. 40:55C-42 to -76.