U.S. Supreme Court Building. Photo by James H. Pickerell. Fotolia
The cert petition says taxation of a nonresident of New Jersey on income not attributable to that state violates the due process and commerce clauses.
January 22, 2020 at 04:43 PM
1 minute read
The U.S. Supreme Court has been asked to review a decision by New Jersey’s Division of Taxation to impose taxes on the sale of a company’s assets in other states.
The disputed taxes, imposed on the sole owner of Godwin Pumps after it was sold to ITT Corp. for a reported $585 million in 2010, resulted in the imposition of an additional $19 million in taxes by New Jersey on the company’s former owner, John Paz.
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