NJ High Court To Weigh UPS' $26M Tax Penalty Waiver

Law360, New York (September 26, 2013, 11:23 PM ET) -- The New Jersey Supreme Court on Thursday agreed to hear an appeal from the state’s Division of Taxation, which seeks to overturn the abatement of nearly $25.6 million in late payment and tax amnesty penalties assessed against UPS Co.

In a Thursday filing, New Jersey’s high court granted certification to the director of the state’s Division of Taxation, which is hoping to reverse a decision to release UPS from millions in tax penalties assessed between 1991 and 1995. The New Jersey Tax Court had ruled to...
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