Verizon offices in Washington, D.C. Photo: Diego M. Radzinschi/ALM NJ Town Prevails Over Verizon in Decade-Long Tax Battle in New Jersey Supreme Court
"I am gratified that this long and hard-fought legal battle has been successfully resolved, not only for Hopewell Borough but also for the many other NJ municipalities that rely on the taxes that Verizon is obligated to pay," counsel to Hopewell, Joseph C. Tauriello of The Law Office of Joseph C. Tauriello, told the Law Journal.
July 25, 2024 at 06:54 PM
5 minute read
In a per curiam opinion issued Thursday, the New Jersey Supreme Court rejected Verizon New Jersey's attempt to redefine "local telephone exchange," which would have allowed the company to avoid paying just over $38,000 in 2009 municipal taxes owed to the Borough of Hopewell.
The appeal hinged on the definition of LTE, or local telephone exchange, within New Jersey statutes. Under N.J.S.A. 54:4-1, the personal and real property of a local exchange telephone company is defined as "a telecommunications carrier providing dial tone and access to 51% of a local telephone exchange," according to the opinion. The sole issue at trial before the Tax Court of New Jersey was whether Verizon provided dial tone service for 51% of the local telephone exchange on Jan. 1, 2008.
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