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NJ Tax Court Rules Non-Profit Hospital Is Taxable
In AHS Hospital Corp d/b/a/ Morristown Memorial Hospital v. Town of Morristown, the New Jersey Tax Court found that Morristown Memorial Hospital, under its current method of operation, fails to satisfy the criteria for property tax exemption as set forth in N.J.S.A. 54:4-3.6. The precedential decision is expected to have