Legal Opinion
Marrinan v. State, Director, Division of Taxation
New Jersey Tax Court
Decided September 4, 1997PublishedCited by 15 opinions
1Opinion of the Court
KUSKIN, J.T.C.
I
The primary issue in this appeal is whether, under N.J.S.A 54A:5-1(b) of the New Jersey Gross Income Tax Act, N.J.S.A 54A:1-1 to 54A:9-27, an operating loss from a prior year may be carried over and deducted in calculating “net profits from business.” N.J.SA. 54A:5-1(b) provides:
New Jersey gross income shall consist of the following categories of income: ...
b. Net profits from business. The net income from the operation of a business, profession or other activity after provision for all costs and expenses incurred in the conduct thereof, determined either on a cash or accrual…
2Cases cited14 opinions
- GE Solid State, Inc v. Director, Division of TaxationSupreme Court of New Jersey · 1993
- City of Newark v. Natural Resource Council in the Department of Environmental ProtectionSupreme Court of New Jersey · 1980
- Smith v. Director, Division of TaxationSupreme Court of New Jersey · 1987
- AIRWORK SER. DIV., ETC. v. Director, Div. of TaxationSupreme Court of New Jersey · 1984
- Body-Rite Repair Co. v. Director, Division of TaxationSupreme Court of New Jersey · 1982
9 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Sidman v. Director, Division of TaxationNew Jersey Tax Court · 2000
- Town of Secaucus v. City of Jersey CityNew Jersey Tax Court · 2000
- Liberty Mutual Insurance v. StateNew Jersey Tax Court · 1998
- Playmates Toys v. Director of Tax.New Jersey Superior Court Appellate Division · 1998
- M.J. Ocean, Inc. v. Director, Division of TaxationNew Jersey Tax Court · 2008
10 more not listed; retrieve them via the Exa API.