Lorillard Loses Bid for Justices’ Eye on NJ Business Tax Case

Newport cigarette maker Lorillard Tobacco Co. failed to convince the US Supreme Court Monday to revive its claim for about $5 million in New Jersey corporation business tax refunds.

The company asked the justices to review a New Jersey appeals court’s 2025 decision that a 2020 amendment to the state’s addback regulation applied retroactively to Lorillard’s refund claims for tax years 1999-2004. The regulation interpreted the addback statute, which requires taxpayers to include in their taxable income otherwise-deductible royalties paid to a related party unless they can establish the adjustments are “unreasonable.”

The case involves similar issues to Disney and ...