Legal Opinion
Mobay Chemical Corp. v. Taxation Division Director
New Jersey Tax Court
Decided December 7, 1981PublishedCited by 8 opinions
1Opinion of the Court
CRABTREE, J. T. C.
Plaintiff seeks review of defendant’s determination that the sum of $56,000,000 owed by plaintiff to an affiliated corporation as of December 31, 1974 must be included in plaintiff’s net worth and 90% of the interest paid thereon disallowed for calendar year 1974 for purposes of the Corporation Business Tax Act, N.J.S.A. 54:10A — 1 et seq. The effect of defendant’s determination is to deny plaintiff’s refund claim for $68,826.77.
*599The sole issue is whether, under the facts set forth below, all of which have been stipulated pursuant to R. 8:8-l(b), the aforesaid indebtedness of…
2Cases cited12 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- Kingsley v. Hawthorne Fabrics, Inc.Supreme Court of New Jersey · 1964
- Raynor v. CommissionerUnited States Tax Court · 1968
- Public Service Electric & Gas Co. v. Township of WoodbridgeSupreme Court of New Jersey · 1977
- Borg v. CommissionerUnited States Tax Court · 1968
7 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Mobay Chemical Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- Layton F. v. DirectorNew Jersey Tax Court · 1984
- GATX Terminals Corp. v. Taxation Div. DirectorNew Jersey Tax Court · 1982
- Mobay Chemical Corp. v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1982
- Stelnik v. DirectorNew Jersey Tax Court · 1993
3 more not listed; retrieve them via the Exa API.