Legal Opinion
International Flavors & Fragrances, Inc. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided April 10, 1986PublishedCited by 29 opinions
1Opinion of the Court
The opinion of the Court was delivered by
GARIBALDI, J.
This appeal requires us to interpret provisions of the New Jersey Corporation Business Tax Act, N.J.S.A. 54:10A-1 to -40. Under the Act, the tax is measured by a corporation’s net worth and net income. This case concerns the calculation of net income. Specifically, at issue is N.J.S.A. 54:10A-4(k)(l) (section 4(k)(l)), which provides that .100% of the dividends that a corporate taxpayer receives from a subsidiary owned by the taxpayer “to the extent of 80% or more ownership of investment” shall be excluded from the taxpayer’s net income.…
2Cases cited8 opinions
- Service Armament Co. v. HylandSupreme Court of New Jersey · 1976
- Fedders Financial Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- AIRWORK SER. DIV., ETC. v. Director, Div. of TaxationSupreme Court of New Jersey · 1984
- MacMillan v. Taxation Div. DirectorNew Jersey Superior Court Appellate Division · 1981
- MacMillan v. Director, Division of TaxationSupreme Court of New Jersey · 1982
3 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- GE Solid State, Inc v. Director, Division of TaxationSupreme Court of New Jersey · 1993
- Amerada Hess Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1987
- Richard's Auto City, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1995
- Cooperstein v. StateNew Jersey Tax Court · 1993
- Howell Township v. Monmouth County Board of TaxationNew Jersey Tax Court · 1999
24 more not listed; retrieve them via the Exa API.