Amtrak Relieved Of Debt In Property Tax Dispute With NJ City
By Joshua Alston
Law360, New York (August 27, 2013, 8:58 PM ET) -- Amtrak on Tuesday won a tax exemption in New Jersey federal court, freeing it from five years of tax assessments on its New Brunswick, N.J., train station, which the company said violated a congressional tax exemption put in place to ensure Amtrak’s solvency.
In a consent order, Amtrak was released from all of its tax bills from the city of New Brunswick, and the city agreed there would be no future tax assessments of Amtrak-owned properties in the city. Amtrak filed suit against the New Brunswick...