The New Jersey Superior Court, Appellate Division, rejected the Director's appeal from the Tax Court's ruling that ordered the Director to pay a refund of Corporation Business Tax (CBT) to a corporate limited partner (BIS) when the CBT was paid on BIS' behalf. The Appellate Division found that the Director's argument that BIS was not the proper party to receive the refund of CBT paid on its behalf was "unavailing."
The decision is reviewable at the discretion of the New Jersey Supreme Court. Click here to read the Appellate Division's April 11, 2014, decision.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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