Legal Opinion
Garfield Trust Co. v. Director, Division of Taxation
Supreme Court of New Jersey
Decided May 22, 1986PublishedCited by 20 opinions
1Opinion of the Court
The opinion of the Court was delivered by
GARIBALDI, J.
This appeal presents the questions whether, first, the Federal . Public Debt Statute, 31 U.S.C.A. § 742, and second, the state enabling legislation for debt obligations, exempt the principal and interest income of federal and state obligations from inclusion in the net worth and net income bases for calculating the New Jersey Corporation Business Tax (CBT). A third question of discriminatory treatment is presented only if the federal statute is interpreted to require inclusion of the principal and interest income of federal obligations in…
2Cases cited16 opinions
- State v. ProfaciSupreme Court of New Jersey · 1970
- Memphis Bank & Trust Co. v. GarnerSupreme Court of the United States · 1983
- Pacific Co. v. JohnsonSupreme Court of the United States · 1932
- American Bank & Trust Co. v. Dallas CountySupreme Court of the United States · 1983
- Barringer v. MieleSupreme Court of New Jersey · 1951
11 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Burns v. BelafskySupreme Court of New Jersey · 2001
- State v. MillerSupreme Court of New Jersey · 2002
- American Family Mutual Insurance v. Wisconsin Department of RevenueWisconsin Supreme Court · 1998
- Centerre Bank of Crane v. Director of RevenueSupreme Court of Missouri · 1988
- Whirlpool Properties, Inc. v. DIR., DIV. OF TAX.Supreme Court of New Jersey · 2011
15 more not listed; retrieve them via the Exa API.