3rd Circ. Questions Tax Exemption In NJ Biz Grant Dispute

By Jeannie O'Sullivan ( April 23, 2020, 7:35 PM EDT) -- The Third Circuit on Thursday questioned the U.S. Tax Court's determination that portions of New Jersey business relocation grants awarded to BrokerTec Holdings Inc. affiliates were tax-exempt capital contributions, reasoning that the unrestricted funds came absent any requirement to use them for capital investment....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!