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ALLENTOWN: Verizon hangs up on borough in tax dispute | CentralJersey.com:
" Attorneys for Verizon filed a complaint against Allentown on March 22 in New Jersey Tax Court, seeking to have the company’s $46,190 business personal property tax assessment for 2012 invalidated. Verizon is the borough’s second-largest taxpayer, and its contributions to the borough’s coffers equal the annual municipal taxes of roughly 24 homes, according to borough Tax Assessor Vickie Butchon."
Verizon contends a change made to a 1940 state law 15 years ago permits the phone company to stop paying the business personal property tax to any town where it no longer is providing landline service to at least 51 percent of households.
”It’s ludicrous,” Mayor Stuart Fierstein said. “They’re essentially saying they are entitled to a tax exemption because their business is down.”
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