Trump Casinos Dealt Losing Hand in New Jersey Tax Court Appeal

by Joshua on August 14, 2010

On Friday, a New Jersey state tax court ruled on appeal that a filing by three Trump casinos for overpaid utility taxes was barred by the four-year statute of limitations. The appeal was to recover nearly $3 million in overpaid taxes which were charged in error by Atlantic City Electric between 1998 and 2001. The appeals court dismissed Trump’s attorneys argument that the statute of limitations should have been extended because the tax was not clear on the bill. The court held that the error could have been discovered earlier.

Court Opinion

Businessweek, Trump casinos lose appeal on $2.7 million tax overpayment

Leave a Comment

Previous post:

Next post: