Ironbound Intermodal Industries, Inc. v. Director, Division of Taxation

BRENNAN, J.T.C.

Plaintiff, Ironbound Intermodal Industries (“Ironbound”), a New Jersey corporation located in Newark, challenges the Sales and Use Tax, N.J.S.A. 54:32B-1 et seq., (“SUT”), assessments of defendant, Director, Division of Taxation (“Director”), regarding the business activities of Ironbound. These business activities include the storage of intermodal containers and chassis, as well as maintenance and repair for containers and chassis used in the shipping industry. The containers are used in the import and export of cargo coming in and going out of Port Newark and are designed to…