New Jersey Tax Court January 23, 1995 (International Thomson Business Information, Inc. v. Director)

LASSER, J.T.C.

International Thomson Business Information, Inc.1 (Taxpayer) contests the denial of its election to be taxed as an investment company. Corporation Business Tax (CBT) assessments imposed by the Director of the Division of Taxation (Director) for the tax years 1986,1987 and 1988 and Director’s denial of Taxpayer’s 1988 refund claim are in issue.