Legal Opinion
GATX Terminals Corp. v. Taxation Div. Director
New Jersey Tax Court
Decided December 1, 1982PublishedCited by 6 opinions
1Opinion of the Court
HOPKINS, J.T.C.
This is an appeal from the determination by the Director, Division of Taxation, that plaintiff was liable under the Corporation Business Tax Act, N.J.S.A. 54:10A-1 ct seq., for a deficiency of $95,863.13, together with interest thereon, for the 1976 tax year. At issue is the propriety of including in plaintiff’s net worth, pursuant to N.J.S.A. 54:10A 4(d), a liability in the amount of $59,324,055 owing to its parent, General American Transportation Corporation (GATC (1975)). Concomitant with that issue is the propriety of the Director’s exclusion as a deduction from net income,…
2Cases cited15 opinions
- Vlandis v. KlineSupreme Court of the United States · 1973
- Allied Stores of Ohio, Inc. v. BowersSupreme Court of the United States · 1959
- Wisconsin v. J. C. Penney Co.Supreme Court of the United States · 1941
- Parham v. HughesSupreme Court of the United States · 1979
- Rothman v. RothmanSupreme Court of New Jersey · 1974
10 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Toys "R" Us, Inc. v. Taxation Division DirectorNew Jersey Tax Court · 1985
- Stinnes Interoil, Inc. v. DirectorNew Jersey Tax Court · 1985
- GATX Terminals Corp. v. DirectorNew Jersey Superior Court Appellate Division · 1985
- Rollins Leasing Corp. v. DirectorNew Jersey Superior Court Appellate Division · 1994
- First National City Bank v. Taxation Division DirectorNew Jersey Tax Court · 1983
1 more not listed; retrieve them via the Exa API.