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The New Jersey Supreme Court Determined That "You Can't Throw Out the Baby With the Bath Water"

By Marshal T. Kline and James S. Helms - Dow Lohnes Price Tax Consulting Group LLC In a unanimous decision, the New Jersey Supreme Court ("the Court") in Whirlpool Props., Inc. v. Director, Div. of Taxation, 2011 N.J. LEXIS 855 (N.J. July 28, 2011) determined that the state's "Throw...

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...