NJ Tax Court Slams Taxation Director In $25M Tax Row

Law360, New York (January 15, 2014, 2:40 PM EST) -- The New Jersey Tax Court said Tuesday that the state’s director of taxation put his credibility at stake by assessing Lorillard Licensing Co. nearly $25 million in corporate business taxes, saying New Jersey’s tax authority improperly applied a rule that allocates revenue when a company earns money in multiple states.

Judge Patrick DeAlmeida issued the letter opinion, which said that because Lorillard Licensing received royalties for licensing its property in all 50 states, it was subject to tax in all 50 states, and therefore New Jersey’s...
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