Legal Opinion
Estate of Swensen v. Director, Division of Taxation
New Jersey Tax Court
Decided September 22, 1992PublishedCited by 2 opinions
1Opinion of the Court
LASSER, P.J.T.C.
Taxpayers contest a use tax deficiency assessment imposed by the Director of the Division of Taxation (Director) on the purchase and use of the yacht “Lady Swensen” (the vessel), claiming that the vessel was purchased by Lady Swensen Corporation, a North Carolina corporation, and used solely in interstate commerce. Director determined that the corporation was not a bona fide corporate entity. Pursuant to the Sales *560and Use Tax Act, N.J.S.A. 54:32B-1 et seq., Director found that the vessel was purchased by the corporation’s two owners for their use in New Jersey and that they…
2Cases cited9 opinions
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- Goldberg v. SweetSupreme Court of the United States · 1989
- National Investors Corporation v. HoeyCourt of Appeals for the Second Circuit · 1944
- Lyon v. BarrettSupreme Court of New Jersey · 1982
- Howard A. Jackson and Elizabeth D. Jackson v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1956
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3Cited by2 opinions
- Lady Frances V, LLC v. Director, Division of TaxationNew Jersey Tax Court · 2009
- Drugstore.com, Inc. v. Director, Division of TaxationNew Jersey Tax Court · 2008