Legal Opinion
Moroney v. Director, Division of Taxation
New Jersey Tax Court
Decided January 8, 2004PublishedCited by 2 opinions
1Opinion of the Court
KUSKIN, J.T.C.
These matters arise under the New Jersey Gross Income Tax Act, N.J.S.A. 54A:1-1 to N.J.S.A. 54A:10-12 (the “GIT Act”), specifically N.J.S.A. 54A:5-1(c) which imposes tax on net gains from the disposition of property. Plaintiffs John J. Moroney and Mary T. Moroney (together “the Moroneys”) and plaintiffs Thomas J. Denitzio, Jr. and Susan B. Denitzio (together “the Denitzios”) 1 owned rental properties. The Moroneys sold their property in 1994, and the Denitzios sold their property in 1995. In calculating the Moroneys’ gross income tax liability for 1994 and the Denitzios’ gross…
2Cases cited11 opinions
- Metromedia, Inc. v. Director, Division of TaxationSupreme Court of New Jersey · 1984
- Virginian Hotel Corporation v. Helvering, Commissioner of Internal RevenueSupreme Court of the United States · 1943
- Koch v. Director, Division of TaxationSupreme Court of New Jersey · 1999
- St. Charles Investment Co. v. CommissionerCourt of Appeals for the Tenth Circuit · 2000
- Estate of Guzzardi v. Director, Division of TaxationNew Jersey Tax Court · 1995
6 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Moroney v. Director, Division of TaxationNew Jersey Superior Court Appellate Division · 2005
- Toyota Motor Credit Corp. v. Director, Division of TaxationNew Jersey Tax Court · 2014