INTERN. THOMSON BUS. INFORMATION, INC. v. DIR., DIVISION OF TAXATION


14 N.J. Tax 424 (1995)

INTERNATIONAL THOMSON BUSINESS INFORMATION, INC., PLAINTIFF, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

January 23, 1995.


Attorney(s) appearing for the Case

Susan A. Feeney for plaintiff (McCarter & English, attorneys).

Joseph Fogelson for defendant (Deborah T. Poritz, Attorney General of New Jersey, attorney).


LASSER, J.T.C.

International Thomson Business Information, Inc.1 (Taxpayer) contests the denial of its election to be taxed as an investment company. Corporation Business Tax (CBT) assessments imposed by the Director of the Division of Taxation (Director) for the tax years 1986, 1987 and 1988 and Director's denial of Taxpayer's 1988 refund claim are in issue. Director denied Taxpayer's election to be taxed as an investment company under...

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