New Jersey Superior Court Appellate Division July 12, 1995 (General Building Products Corp. v. Director, Division of Taxation)

PER CURIAM.

Plaintiff appeals from a Tax Court judgment dismissing its complaint seeking a refund of the tax that was incurred as a result of a deemed asset sale to it of the stock in a wholly-owned New Jersey subsidiary of U.S. Home Corporation (U.S. Home). We affirm.

On June 24, 1988, U.S.