Legal Opinion
Fedders Financial Corp. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided June 4, 1984PublishedCited by 98 opinions
1Opinion of the Court
The opinion of the Court was delivered by
SCHREIBER, J.
This case requires us to interpret provisions of the New Jersey Corporation Business Tax Act (the Act). Under the Act the tax is measured by a corporation’s net worth and net income. One provision in dispute made a corporation’s “indebt*379edness owing directly or indirectly” to holders of 10% or more of the corporation’s outstanding shares includible in the corporation’s net worth. N.J.S.A. 54:10A-4(d). The other disputed provision stated that 90% of the amount paid in interest on such indebtedness may not be excluded in computing its net…
2Cases cited21 opinions
- Gould v. GouldSupreme Court of the United States · 1917
- Mayflower Securities Co. v. Bureau of SecuritiesSupreme Court of New Jersey · 1973
- White v. United StatesSupreme Court of the United States · 1938
- Service Armament Co. v. HylandSupreme Court of New Jersey · 1976
- In Re the Closing of Jamesburg High SchoolSupreme Court of New Jersey · 1980
16 more not listed; retrieve them via the Exa API.
3Cited by98 opinions
- Metromedia, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- GE Solid State, Inc v. Director, Division of TaxationSupreme Court of New Jersey · 1993
- AIRWORK SER. DIV., ETC. v. Director, Div. of TaxationSupreme Court of New Jersey · 1984
- Oberhand v. Director, Division of TaxationSupreme Court of New Jersey · 2008
- Amerada Hess Corp. v. Director, Division of TaxationSupreme Court of New Jersey · 1987
93 more not listed; retrieve them via the Exa API.