BRUNSWICK CORP. v. TAXATION DIV. DIR.


13 N.J. Tax 136 (1993)

BRUNSWICK CORPORATION, PLAINTIFF-APPELLANT, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT-RESPONDENT.

Superior Court of New Jersey, Appellate Division.

Decided February 1, 1993.


Attorney(s) appearing for the Case

Charles M. Costenbader and Paul H. Frankel argued the cause for appellant (Stryker, Tams & Dill, attorneys; Mr. Costenbader and Mr. Frankel, of counsel; Charles H. Friedrich, on the brief).

Margaret A. Holland, Deputy Attorney General, argued the cause for respondent (Robert J. Del Tufo, Attorney General, attorney; Joseph L. Yannotti, of counsel; Ms. Holland, on the brief).

Before Judges LONG, D'ANNUNZIO and KEEFE.


The opinion of the court was delivered by LONG, J.A.D.

Plaintiff, Brunswick Corporation, appeals from a Tax Court decision which affirmed a final determination of the Director of the Division of Taxation imposing Corporation Business Tax (CBT) deficiency assessments on plaintiff for 1986 and 1987. The deficiencies arose from plaintiff's failure, contrary to N.J.A.C. 18:7-8.5(b) and (c), to take into account property which it leased in computing the property...

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