MANHEIM NJ INV. v. DIV. OF TAX

Docket No. 015083-2014.

30 N.J. Tax 18 (2017)

MANHEIM NJ INVESTMENTS, INC., PLAINTIFF, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

Decided: February 27, 2017.


Attorney(s) appearing for the Case

Marc A. Simonetti for Plaintiff (Eversheds Sutherland (US) LLP, attorneys).

Michael J. Duffy for Defendant ( Christopher S. Porrino , Attorney General of New Jersey, attorney).


Plaintiff, Manheim NJ Investments, Inc., filed a motion for partial summary judgment on the issues of: (1) whether N.J.A.C. 18:7-1.15(b)(9) is ultra vires and void; and (2) whether plaintiff is entitled to investment company treatment pursuant to N.J.S.A. 54:10(a)-4(f) and -5(d) for tax years 2006 through 2009...

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