Legal Opinion
Reuben H. Donnelley Corp. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided June 22, 1992PublishedCited by 19 opinions
1Opinion of the Court
The opinion of the Court was delivered by
GARIBALDI, J.
This appeal presents the issue of whether a corporation may include safe-harbor-lease (SHL) property in the property fraction used to determine its business-allocation factor under the New Jersey Corporation Business Tax Act (the CBT Act) for the tax years 1983 and 1984. We conclude that it may not.
I
In 1981, Congress enacted the Economic Recovery Tax Act (ERTA), which granted additional depreciation under the Accelerated Cost Recovery System (ACRS) and tax credits for the purchase and leasing of certain machinery and other equipment.…
2Cases cited10 opinions
- Metromedia, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- Merin v. MaglakiSupreme Court of New Jersey · 1992
- State v. MaguireSupreme Court of New Jersey · 1980
- Kimmelman v. Henkels & McCoy, Inc.Supreme Court of New Jersey · 1987
- Superior Air Prod. Co. v. NL Industries, Inc.New Jersey Superior Court Appellate Division · 1987
5 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Doe v. PoritzSupreme Court of New Jersey · 1995
- GE Solid State, Inc v. Director, Division of TaxationSupreme Court of New Jersey · 1993
- Richard's Auto City, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1995
- In Re the Department of Insurance's Order Nos. A89-119 & A90-125Supreme Court of New Jersey · 1992
- Brunswick Corp. v. Director, Div. of TaxationSupreme Court of New Jersey · 1994
14 more not listed; retrieve them via the Exa API.