# N.J. Stat. § 40A:21-8: Tax agreements for construction of commercial, industrial structures or multiple dwellings

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-8

## Section

- **Citation:** N.J. Stat. § 40A:21-8
- **Heading:** Tax agreements for construction of commercial, industrial structures or multiple dwellings
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 40A / Chapter 21 / Section 21-8

## Text

8. If the ordinance shall provide for tax agreements for the exemption and abatement from taxation for construction of commercial or industrial structures, or multiple dwellings, or both, the ordinance shall set forth procedures for entering into agreements for the exemption and abatement of real property taxes in accordance with the provisions of sections 9 through 12 of P.L.1991, c.441 (C.40A:21-9 through 40A:21-12). All tax agreements shall be applied for and granted on a project basis. L.1991,c.441,s.8.

## Nearby sections

- [N.J. Stat. § 40A:21-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-1.md)
- [N.J. Stat. § 40A:21-2 Findings, purpose](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-2.md)
- [N.J. Stat. § 40A:21-3 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-3.md)
- [N.J. Stat. § 40A:21-4 Municipal ordinance granting exemptions or abatements.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-4.md)
- [N.J. Stat. § 40A:21-5 Limits on exemptions on abatements for dwellings](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-5.md)
- [N.J. Stat. § 40A:21-6 Limits on exemptions or abatements for multiple dwellings](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-6.md)
- [N.J. Stat. § 40A:21-6.1 Adoption of ordinance granting abatement, exemption from taxation for certain improvements to residential properties.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-6.1.md)
- [N.J. Stat. § 40A:21-6.2 Tax exemption, abatement for certain housing improvements to accommodate certain disabled persons.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-6.2.md)
- [N.J. Stat. § 40A:21-7 Limits on exemptions for commercial, industrial structures](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-7.md)
- [N.J. Stat. § 40A:21-8 Tax agreements for construction of commercial, industrial structures or multiple dwellings](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-8.md)
- [N.J. Stat. § 40A:21-9 Applications for tax agreements, requirements](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-9.md)
- [N.J. Stat. § 40A:21-10 Formula for payments under tax agreements.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-10.md)
- [N.J. Stat. § 40A:21-11 Tax agreements, duration, other law, valuation of ratables, copy to DCA.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-11.md)
- [N.J. Stat. § 40A:21-12 Failure of conditions, full taxes due, termination](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T40A_C21_S21-8. Check the current official text before relying on it. Not legal advice.