New Jersey’s Tax Court has upheld the constitutionality of a law that limits the ability of multi-state companies with sites here to attribute income out of state for tax purposes.
Four corporations brought constitutional challenges to the “throw-out” rule, a 2002 amendment to the New Jersey corporation business tax law, arguing it allows the state to tax foreign income in violation of the Due Process Clause.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
