975 HOLDINGS v. EGG HARBOR

Docket No. 010346-2016.

30 N.J. Tax 124 (2017)

975 HOLDINGS, LLC, PLAINTIFF, v. CITY OF EGG HARBOR, DEFENDANT.

Tax Court of New Jersey.

Released for publication: August 4, 2017.


Attorney(s) appearing for the Case

Salvatore Perillo for plaintiff (Perskie, Nehmad & Perillo, attorneys).

James J. Carroll, III for defendant.


Plaintiff taxpayer, 975 Holdings, LLC is the current owner of an improved parcel in Egg Harbor City. The taxpayer purchased the property in a bankruptcy asset sale allowed pursuant to 11 U.S.C. § 363(f). Prior to the sale, the bankrupt debtor acting as a debtor-in-possession...

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