BRISTOL-MYERS CO. v. TAXATION DIV. DIRECTOR


8 N.J. Tax 133 (1986)

BRISTOL-MYERS COMPANY, PLAINTIFF, v. TAXATION DIVISION DIRECTOR, DEFENDANT.

Tax Court of New Jersey.

January 21, 1986.


Attorney(s) appearing for the Case

Gregory B. Reilly for plaintiff (Lowenstein, Sandler, Brochin, Kohl, Fisher, Boylan & Meanor attorneys; David W. Mills and Susan A. Feeney on the brief).

Maureen Adams for defendant (Irvin I. Kimmelman, Attorney General of New Jersey, attorney).


ANDREW, J.T.C.

In this matter plaintiff Bristol-Myers Company (Bristol-Myers) challenges determinations of defendant, Director of the Division of Taxation (Director) with respect to the valuation of plaintiff's investments in its wholly-owned subsidiaries for purposes of measuring plaintiff's tax liability under the New Jersey Corporation Business Tax Act (the act), N.J.S.A. 54:10A-1 et seq. Plaintiff claims a refund for tax year 1976 and disputes the...

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