Day: December 28, 2020

New Jersey Supreme Court Sides with Johnson & Johnson in Tax Case

New Jersey Supreme Court Sides with Johnson & Johnson in Tax Case

In Johnson & Johnson v. Director, Division of Taxation,(A-51-19/083612) (Decided December 7, 2020), the Supreme Court of New Jersey ruledthat Johnson & Johnson (J&J) was required to pay an insurance premium tax (IPT) based only upon its premium for risks localized in New Jersey rather than upon its total United