Legal Opinion
Walnut Realty Co. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided January 22, 1962PublishedCited by 5 opinions
1Opinion of the Court
The opinion of the court was delivered by
Schettiro, J.
Petitioner, Walnut Realty Company, (hereafter referred to as Walnut) seeks to reverse a judgment of the Division of Tax Appeals which held the company subject to franchise taxes at the rates provided for a "financial business” rather than at the lower rates specified for a general business corporation. While the appeal was pending before the Appellate Division, we certified the matter on our own motion. R. R. 1:10-1 (a).
For the years 1952 through 1957 Walnut filed corporate franchise tax returns and paid annual taxes under the claim that…
2Cases cited5 opinions
- Allied Stores of Ohio, Inc. v. BowersSupreme Court of the United States · 1959
- First Nat. Bank of Guthrie Center v. AndersonSupreme Court of the United States · 1926
- First Nat. Bank of Shreveport v. Louisiana Tax Comm'nSupreme Court of the United States · 1933
- State v. Erie RailroadSupreme Court of New Jersey · 1945
- State Tax Commission v. Allied Mortgage CompaniesCourt of Appeals of Maryland · 1938
3Cited by5 opinions
- State v. K-MARTNew Jersey Superior Court Appellate Division · 1975
- I. H. E. Financial Corp. v. Taxation Division DirectorNew Jersey Tax Court · 1981
- Chemical New Jersey Holdings, Inc. v. Director, Division of TaxationNew Jersey Tax Court · 2006
- Henry v. New Jersey Department of Human ServicesSupreme Court of New Jersey · 2010
- Henry v. New Jersey Department of Human ServicesSupreme Court of New Jersey · 2010