New Jersey Panel Affirms That ‘Throw-Out Rule’ Did Not Apply To Tobacco Company
(December 9, 2015, 2:03 PM EST) -- TRENTON, N.J. — A New Jersey appellate panel on Dec. 4 affirmed the New Jersey Tax Court’s ruling that a tobacco company with no operations inside of New Jersey did not owe a tax bill of more than $24 million (Lorillard Licensing Company LLC v. Director, Division of Taxation, No. A-2033-13T1, N.J. Super., App. Div.; 2015 N.J. Super. Unpub. Lexis 2789).
(Unpublished order available. Document #04-151216-009Z.)
In a per curiam opinion, Superior Court Appellate Division Judges Jack Sabatino, Marie Simonelli and Harry Carroll found that the...