River Systems, Inc. v. State

Under N.J.S.A 54:10A-6, a New Jersey corporation that maintains a regular place of business outside New Jersey may allocate a portion of its income away from New Jersey in computing income taxable under the New Jersey Corporate Business Tax Act, N.J.S.A. 54:10A-1 to -4. Plaintiffs, River Systems, Inc., *288Rubachem International, Ltd. and Rubachem, Inc., filed separate complaints in the Tax Court challenging a determination by the Department of the Treasury, Division of Taxation, denying plaintiffs’ application for refunds based on an allocation of some income to the State of New York predicated…