New Jersey ~ Personal Income Tax: Square Corners Doctrine Precluded Taxation of Installments of Year 2000 Lottery Winnings

CCH Tax Day Report In the first of three related cases, the New Jersey Tax Court found that the retroactive extension of New Jersey’s gross (personal) income tax to the taxpayers’ lottery winnings was barred by the square corners doctrine. New Jersey could not impose gross income tax on winnings from a 2000 New Jersey […]