Legal Opinion
Amerada Hess Corp. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided June 22, 1987PublishedCited by 63 opinions
1Opinion of the Court
The opinion of the court was delivered by
KING, P.J.A.D. (temporarily assigned).
This case concerns the interpretation of seven words in the New Jersey Corporation Business Tax (C.B.T.), N.J.S.A. 54:10A-1 to -40. These seven words, “on or measured by profits or income,” determine whether the Federal Windfall Profit Tax on Domestic Crude Oil (W.P.T.), 26 U.S. C.A. § 4986 to § 4998, is excludable in computing the oil company plaintiffs’ net income taxable under our C.B.T.
Entire net income is the base on which New Jersey’s C.B.T. is assessed. The entire net income base for the C.B.T. is similar…
2Cases cited43 opinions
- Monell v. New York City Dept. of Social Servs.Supreme Court of the United States · 1978
- Monroe v. PapeSupreme Court of the United States · 1961
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Exxon Corp. v. Governor of MarylandSupreme Court of the United States · 1978
- Lehnhausen v. Lake Shore Auto Parts Co.Supreme Court of the United States · 1973
38 more not listed; retrieve them via the Exa API.
3Cited by63 opinions
- Hubbard Ex Rel. Hubbard v. ReedSupreme Court of New Jersey · 2001
- GE Solid State, Inc v. Director, Division of TaxationSupreme Court of New Jersey · 1993
- Young v. Schering Corp.Supreme Court of New Jersey · 1995
- Amerada Hess Corp. v. Director, Division of Taxation, New Jersey Department of the TreasurySupreme Court of the United States · 1989
- STATE, DEPT. OF LAW v. GonzalezSupreme Court of New Jersey · 1995
58 more not listed; retrieve them via the Exa API.