Johnson & Johnson v. Director, Division of Taxation (083612)(Statewide)

Summary

The Supreme Court of New Jersey affirmed the Appellate Division’s judgment that Johnson & Johnson’s insurance premium tax liability is limited to premiums for risks located in New Jersey, rejecting the argument that the 2011 amendment extended the Home State Rule to self‑procured insurance. The Court relied on the plain language of N.J.S.A. 17:22‑6.64, holding that the added clause applies only to surplus lines policies.