3rd Circ. Questions Tax Exemption In NJ Biz Grant Dispute

By Jeannie O'Sullivan · April 23, 2020, 7:35 PM EDT

The Third Circuit on Thursday questioned the U.S. Tax Court's determination that portions of New Jersey business relocation grants awarded to BrokerTec Holdings Inc. affiliates were tax-exempt capital contributions, reasoning that...

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Case Information

Case Title

Commissioner of Internal Reven v. Brokertec Holdings Inc

Case Number

19-2603

Court

Appellate - 3rd Circuit

Nature of Suit

tax court 

Date Filed

July 11, 2019