TRENTON – A measure sponsored Senator Shirley K. Turner that would close loopholes in the historical preservation laws that may allow a private club at Princeton University to gain tax exempt status passed the Senate today.
“The historical preservation laws allow for property tax exemptions to help out non-profit organizations seeking to preserve notable building for the education of generations to come,” said Senator Turner, D-Mercer. “They were not meant to free private organizations from their responsibility to the community simply because they occupy an old building. I wish this law was unnecessary, but unfortunately there will always be someone looking for a free ride at the expense of the community.”