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Article: New Jersey Superior Court Reverses Pro-Taxpayer Decision in Lanco and Finds Nexus.
- Article from:
- Mondaq Business Briefing
- Article date:
- October 20, 2005
CopyrightCOPYRIGHT 2005 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Superior Court of New Jersey, Appellate Division has further stacked the odds against intellectual property holding companies in the ongoing nexus battle with the states. In Lanco, Inc. v. Director, Division of Taxation, 1 the Court found that the licensing of intangibles to a company doing business in the state was sufficient contact to create nexus for corporation business tax purposes, in spite of the lack of physical contact with the state. In so doing, the Court aligned itself with other state courts in concluding that the physical presence test set forth in Quill 2 is inapplicable to any tax but sales and use tax, notwithstanding guidance to the contrary from ...
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Article: IMPORTANT TO BUSINESS, IMPORTANT TO NEW JERSEY
The Record (Bergen County, NJ);
December 12, 1991 ;
691 words
... ... 3 Star, 2 Star, 1 Star A NEW JERSEY Tax Court decision, little noticed by ... climate, living conditions in New Jersey will slowly deteriorate. Keywords: NEW JERSEY. TAX. COURT. BUSINESS. INDUSTRY. EQUIPMENT ...
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