Legal Opinion
Transcontinental Gas Pipe Line Corp. v. Bernards Township
Supreme Court of New Jersey
Decided August 15, 1988PublishedCited by 45 opinions
1Opinion of the Court
The opinion of the Court was delivered by
HANDLER, J.
This case presents the complex issue of determining the proper method for valuing the property of a regulated industry for purposes of local property taxation.
We are asked to review the municipal tax assessments of segments of pipeline that are used by the taxpayers for the interstate transmission of natural gas, an operation that that is subject to comprehensive federal regulation. We determine that the method of valuation proposed by the taxpayers, which is based essentially on the book value of the property that is used and approved for…
2Cases cited38 opinions
- Federal Power Commission v. Hope Natural Gas Co.Supreme Court of the United States · 1944
- Permian Basin Area Rate CasesSupreme Court of the United States · 1968
- State ex rel. Southwestern Bell Telephone Co. v. Public Service Commission of MissouriSupreme Court of the United States · 1923
- F.M.C. Stores Co. v. Borough of Morris PlainsSupreme Court of New Jersey · 1985
- Aetna Life Insurance Co. v. City of NewarkSupreme Court of New Jersey · 1952
33 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Ford Motor Co. v. Township of EdisonSupreme Court of New Jersey · 1992
- Ocean Pines, Ltd. v. Borough of Point PleasantSupreme Court of New Jersey · 1988
- Inmar Associates, Inc. v. Borough of CarlstadtSupreme Court of New Jersey · 1988
- University Plaza v. HackensackNew Jersey Superior Court Appellate Division · 1993
- SR International Business Insurance v. World Trade Center Properties, LLCDistrict Court, S.D. New York · 2006
40 more not listed; retrieve them via the Exa API.