The opinion of the court was delivered by ANDREW, J.T.C.
In this corporation business tax case plaintiff, Centex Homes of New Jersey, Inc. (hereinafter CNJ), challenges a determination by defendant, Director of the Division of Taxation that the indebtedness of CNJ to CNJ's great-grandparent, Centex Corporation (hereinafter CC) was to be included as part of CNJ's net worth tax base in the computation of CNJ's franchise tax liability for the tax years at issue.
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