AMERICAN HOME PRODUCTS CORP. v. TAXATION DIV. DIR.


11 N.J. Tax 287 (1990)

AMERICAN HOME PRODUCTS CORPORATION, A DELAWARE CORPORATION, PLAINTIFF, v. DIRECTOR, DIVISION OF TAXATION, DEFENDANT.

Tax Court of New Jersey.

August 27, 1990.


Attorney(s) appearing for the Case

Charles M. Costenbader for plaintiff (Stryker, Tams & Dill, attorneys; Charles H. Friedrich on the brief).

Mary R. Hamill for defendant and on the brief (Robert J. Del Tufo, Attorney General of New Jersey, attorney).


CRABTREE, J.T.C.

This is a corporation business tax case wherein plaintiff, American Home Products Corporation (sometimes referred to herein as AHPC), seeks review of defendant's determinations that: (1) dividend and capital gain income on its minority shareholdings in four publicly-traded corporations and all the interest income earned by AHPC in its investments in certain short-term securities are includible in AHPC...

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