NJ Township To Refund Sunoco, El Paso $31M In Taxes

Law360, New York (July 6, 2012, 4:40 PM EDT) -- A New Jersey township that has been battling with Sunoco Inc. and El Paso Corp. for nearly 25 years over tax assessments for a shuttered oil refinery reached a deal with the companies late Thursday to refund $31.4 million in property tax overpayments over 20 years.

In connection with the deal, West Deptford Township will pay $18.3 million to El Paso and $13.1 million to Sunoco to settle claims that the township overcharged the companies for property taxes at the Eagle Point Refinery in the years...
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