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State Courts -
New Jersey - May 11 - May 16, 2006
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City of Atlantic City v. Ace Gaming, LLC, DOCKET NOS. 000157-1997, 000158-1997, 000159-1997, 000160-1997, 000161-1997, 000162-1997, 000163-1997, 002609-1998, 002612-1998, 002604-1998, 002591-1998, DOCKET NOS. 000176-1997, 003538-1997, 003540-1997, 003541-1997, 003543-1997, 001192-1999, 003030-1999,
TAX COURT OF NEW JERSEY, May 12, 2006, Decided
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Overview: Casino hotels in Atlantic City, New Jersey, were held limited-market properties, not special purpose properties, and subject to an income approach assessment method for valuation. In a casino's tax assessment appeal, the New Jersey Tax Court reduced the casino's assessment upon using the income approach and finding several years of bad management.
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RCN of N.J., Inc. v. Director, Div. of Taxation, DOCKET NOS. 005951-2003, 007728-2004 and 004588-2005,
TAX COURT OF NEW JERSEY, May 12, 2006, Decided n11 This opinion refines and amplifies the bench opinion.
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Overview: Cable wiring was exempt from sales and use taxation under N.J. Stat. Ann. § 54:32B-8.13(e) because it was integral and essential to, and used directly and primarily in, the transmission of television information by cable providers and was, therefore, the type of machinery, apparatus, or equipment to which the exemption applied.
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Palmer v. Kovacs, DOCKET NO. A-0956-04T5, A-1257-04T5,
SUPERIOR COURT OF NEW JERSEY, APPELLATE DIVISION, May 16, 2006, Decided
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Overview: In a negligence suit arising from a motor vehicle collision, a subsequent offer of judgment tendered by plaintiff, pursuant to N.J. Ct. R. 4:58 after the time for acceptance of a prior offer of judgment had expired, did not negate the potential fee-shifting consequences of the prior offer.
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