A state Supreme Court decision handed down last Thursday will let New Jersey authorities collect income taxes from out-of-state companies who do retail business here through licensees.
The justices, in Lanco Inc. v. Director, Division of Taxation , held that a U.S. Supreme Court ruling, exempting a company from collecting sales tax in a state where it has no physical presence, should not be extended to income tax.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]