Insights

Gifts of Limited Partnership Interests Ruled Ineligible for Gift Tax Annual Exclusion

In Technical Advice Memorandum 9751003, the IRS determined that gifts of limited partnership interests transferred to the...

Significant New York Tax Legislation Replaces Current Estate Tax With a “Pick Up” Tax and Repeals Gift Tax in Its Entirety

The State of New York imposes an estate tax upon the transfer of the New York taxable...

Banking and Lender Liability - Is the Genie Slipping out of the Bottle?

Recent decisions from courts in the State of New Jersey and a new wave of lawsuits against...

Brownfields Bill Signed

The long-awaited "Brownfields and Contaminated Site Remediation Act" was signed into law by Governor Whitman. The Act...

New Jersey Eliminates Statutes of Limitation for Environmental Crimes

Governor Whitman has signed into law A2667. This bill eliminates statutes of limitation for criminal offenses under...

NJDEP Taking Steps to Comply with Fast Track Compliance Law

The Fast Track Compliance Law was enacted in 1995 for the purpose of providing grace periods for...

Appellate Court Vacates Judgment Against Polluter

A recent decision by the Third Circuit may make it easier for holders of environmental permits to...

Appellate Division Upholds Administrative Order Directing Consistency

On July 29, 1996, Commissioner Robert C. Shinn issued Administrative Order 1996-06, which directed the NJDEP to...

USEPA Issues Guidance on Superfund Ability-to-Pay Determinations

On September 30, 1997, USEPA issued a general policy for evaluating the impact of ability to pay...