City of Newark v. New Jersey Investment Co.

Quinn, President.

The petitioner taxing district levied assessments for personal property taxes against the respondent corporation in the sum of $1,000,000 for each of the years 1937 and 1938. The Essex County .Board of Taxation, on appeal, canceled both assessments. The sole issue raised upon this appeal is as to whether or not the chief office of the taxpayer, a New Jersey corporation, was or was not in the city of Newark for each of the years in question, the corporation being subject to taxation upon its intangible personalty in the taxing district where such office was located, under…