SALT To Taste: Well Done New Jersey!

Marshal Kline; Russell Padgett
In a well-founded application of unitary principles and constitutional restraints, the New Jersey Superior Court concluded that BIS LP, Inc. was not unitary with its ninety-nine percent owned limited partnership interest.  After reaching the non-unitary conclusion, the Superior Court determined that BIS LP, Inc. was not subject to New Jersey's corporation business tax.

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