Legal Opinion
Corporate Property Investors v. Director, Division of Taxation
New Jersey Superior Court Appellate Division
Decided June 23, 1995PublishedCited by 6 opinions
1Per curiam
This appeal concerns whether an entity that elects to be taxed as a real estate investment trust is entitled to deduct the dividends *207it pays its shareholders from its calculated taxable income. While admitting that the deduction is allowed under federal income tax principles, the Director of the Division of Taxation asserts it is not allowed under the New Jersey Corporation Business Tax Act.
The Director denied plaintiffs claims for refunds of taxes paid under the Corporation Business Tax Act (CBT) for three years and assessed additional taxes for another two tax years. Additionally the…
2Cases cited5 opinions
- International Flavors & Fragrances, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1986
- International Flavors & Fragrances, Inc. v. Taxation Division DirectorNew Jersey Tax Court · 1983
- International Flavors & Fragrances, Inc. v. DirectorNew Jersey Superior Court Appellate Division · 1984
- Dreyfus Special Income Fund, Inc. v. New York State Tax CommissionNew York Court of Appeals · 1988
- In re Dreyfus Special Income Fund, Inc.Appellate Division of the Supreme Court of the State of New York · 1987
3Cited by6 opinions
- International Business Machines Corp. v. DirectorNew Jersey Tax Court · 2011
- Eiszner v. Director, Division of TaxationNew Jersey Tax Court · 2000
- Bridges v. Autozone Properties, Inc.Louisiana Court of Appeal · 2004
- DiStefano v. Director, Division of TaxationNew Jersey Tax Court · 2008
- UNB Investment Co. v. Director, Division of TaxationNew Jersey Tax Court · 2004
1 more not listed; retrieve them via the Exa API.