SALT Blog – State and Local Tax Blog
The State and Local Tax ("SALT") blog provides news updates and commentary about state and local tax issues.
You can expect to find relevant information about topics such as income (corporate and personal) tax, franchise tax, sales and use tax, property (real and personal) tax, fuel tax, capital stock tax, bank tax, gross receipts tax and withholding tax.
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Chamberlain Hrdlicka Blawgs
Business and International Tax Developments Blog
by Stewart Weintraub and Jennifer Weidler
On August 31, 2010, the New Jersey Tax Court issued a memorandum decision in Beneficial New Jersey, Inc. v. Director, Division of Taxation, N.J. Tax Court, Docket No. 009886-2007 (August 31, 2010). The Court held that the taxpayer satisfied one of the enumerated exceptions authorized by the interest add-back statute, N.J.S.A. 54:10A-4(k)(2)(I). Therefore, the Court found that the taxpayer was entitled to its interest expense deductions. Recently, the New Jersey Division of Taxation ("Division") released TAM-13, accepting the Tax ...