BIS, LLP v. Director, Division of Taxation: NJ Superior Court Gets It Right!

The recent decision of the Superior Court of New Jersey in BIS LP, Inc. v. Dir., Div. of Taxation , 2011 N.J. Super. Unpub. LEXIS 2269 (App.Div. Aug. 23, 2011) gives multistate taxpayers around the nation a reason to be optimistic that occasionally a court can properly apply unitary principles. Here...

BIS, LLP v. Director, Division of Taxation: NJ Superior Court Gets It Right!

The recent decision of the Superior Court of New Jersey in BIS LP, Inc. v. Dir., Div. of Taxation , 2011 N.J. Super. Unpub. LEXIS 2269 (App.Div. Aug. 23, 2011) gives multistate taxpayers around the nation a reason to be optimistic that occasionally a court can properly apply unitary principles. Here...