Legal Opinion
Stinnes Interoil, Inc. v. Director
New Jersey Tax Court
Decided July 16, 1985PublishedCited by 5 opinions
1Opinion of the Court
KAHN, J.T.C.
This is an appeal from the determination by the Director, Division of Taxation that taxpayer was not entitled to deduct *475certain interest expenses from its net income or exclude certain loan proceeds from its net worth in determining the amount due under the New Jersey Corporation Business Tax, N.J.S.A. 54:10A-1 et seq. The Director assessed additional taxes for the 1980 tax year of $42,659.47, as well as interest of $20,476.54 and penalties of $4,265.94, all of which were paid by the taxpayer prior to the filing of the complaint.
The pertinent facts are generally undisputed.…
2Cases cited8 opinions
- Kingsley v. Hawthorne Fabrics, Inc.Supreme Court of New Jersey · 1964
- Fedders Financial Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- General Public Loan Corp. v. Director of the Division of TaxationSupreme Court of New Jersey · 1953
- Mobay Chemical Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- WERNER MACHINE CO., INC. v. ZinkNew Jersey Superior Court Appellate Division · 1950
3 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- In Re St. Johnsbury Trucking Co. Inc.United States Bankruptcy Court, S.D. New York · 1997
- Toys "R" Us, Inc. v. Taxation Division DirectorNew Jersey Tax Court · 1985
- Rollins Leasing Corp. v. DirectorNew Jersey Superior Court Appellate Division · 1994
- Rollins Leasing Corp. v. DirectorNew Jersey Tax Court · 1993
- Stinnes Interoil, Inc. v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 1986