ATLANTIC CITY ELEC. CO. v. TAXATION DIV. DIRECTOR


5 N.J. Tax 15 (1982)

ATLANTIC CITY ELECTRIC COMPANY, A CORPORATION OF THE STATE OF NEW JERSEY, AND FRANK B. SMITH AND BEN MAUSCHARDT, TRUSTEES UNDER ATLANTIC CITY ELECTRIC COMPANY TRUST # 3 DATED AS OF NOVEMBER 1, 1973, PLAINTIFFS, v. TAXATION DIVISION DIRECTOR, DEFENDANT.

Tax Court of New Jersey.

November 3, 1982.


Attorney(s) appearing for the Case

Henry P. Megargee, Jr., for plaintiffs (Steedle, Megargee, Youngblood, Franklin & Corcoran, attorneys).

Joseph C. Small for defendant (John J. Degnan, Attorney General of New Jersey, attorney).


RIMM, J.T.C.

This is an appeal from an assessment of taxes made by defendant pursuant to the Business Personal Property Tax Act, N.J.S.A. 54:11A-1 et seq., on a combustion turbine electricity generating unit, hereafter designated as equipment, owned by plaintiffs Frank B. Smith and Ben Maushardt, as trustees. The assessment was imposed by a final determination dated May 2, 1977 in the amount of $35,344.35 for the tax year 1975, and $32,955.20 for the...

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