A pre-2020 regulation in New Jersey that limited a royalty addback deduction based on a payee’s New Jersey income violated the external consistency requirement of the U.S. Constitution’s commerce clause, but circumstances have changed, the state Tax Court said in an opinion Friday dismissing the case.
Unconstitutional Rule No Longer Applies, NJ Tax Court Finds
by usoftax_admin | Sep 15, 2023 | Tax News