New Jersey: Limited partner entitled to refund of tax payments made by related party

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The New Jersey Tax Court, on remand, determined that a foreign limited corporate partner is entitled to a refund of corporate business taxes paid on its behalf by a related party. The court previously ruled that the foreign corporation was not subject to corporation business tax because it simply held a passive interest in a limited partnership, was not unitary with the partnership, and was not otherwise doing business in New Jersey. [BIS LP, Inc. v. Division of Taxation, New Jersey Tax Court, Dkt. No. 07847-07 (10/26/12)]



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