SUBURBAN COASTAL CORP. v. GLASER


7 N.J. Tax 339 (1985)

SUBURBAN COASTAL CORP., A NEW JERSEY CORPORATION, PLAINTIFF, v. SIDNEY GLASER, DIRECTOR OF THE NEW JERSEY DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

March 19, 1985.


Attorney(s) appearing for the Case

Daniel Kinburn for plaintiff (Williams, Caliri, Miller & Otley, attorneys).

Harry Haushalter for defendant (Irwin I. Kimmelman, Attorney General of New Jersey).


KAHN, J.T.C.

Plaintiff contests the validity of assessments imposed by defendant pursuant to the Corporation Business Tax Act, N.J.S.A. 54:10A-1 et seq. Plaintiff contends that it is a financial business corporation and therefore entitled to deduct 100% of interest expenses relating to its indebtedness to an affiliated corporation in accordance with N.J.S.A. 54:10A-4(d) and -4(k)(2)(E)(iii). The Division of Taxation disagreed and imposed taxes...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases