New Jersey Tax Court November 3, 1982 (Atlantic City Electric Co. v. Taxation Division Director)

RIMM, J. T. C.

This is an appeal from an assessment of taxes made by defendant pursuant to the Business Personal Property Tax Act, N.J.S.A. 54:11A-1 et seq., on a combustion turbine electricity generating unit, hereafter designated as equipment, owned by plaintiffs Frank B. Smith and Ben Maushardt, as trustees.