Bus Transportation Law Firm

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NJ Moving Ahead on Exempting Out of State Bus Operators from Corporate Business Tax

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For some time, NJ has not been customer friendly insofar as dealing with out of state bus operators coming into NJ to deliver casino patrons to Atlantic City.  NJ has been insisting on collecting their fair share of revenues under the NJ Business Corporation Tax, even though the business originates out of state.

NJ has gone as far as seizing out of state buses and holding them hostage until Returns are filed and taxes paid.  As a direct result of this activity, out of state operators have found more customer friendly destinations for their casino patrons.

Right now a NJ Senate Committee has approved a Bill which would exempt the out of state bus operators conducting business in NJ.  This has been viewed as a special case, to help out the faltering AC Casino business.   This is far from a done deal, since the full Senate still has to vote on the Bill and the Assembly Bill awaits a Committee Hearing, bit it’s progress.

Jerry A. Casser, Esq. – Fairfield, NJ Transportation Attorney – www.jcasser.com


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Selling your bus company?

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The DAK Group has announced the successful completion of the strategic sale of Kevah Konner, Inc., a provider of school bus transportation services, to Student Transportation of America, Inc.  The DAK Group served as exclusive investment banker and financial advisor to Kevah Konner, Inc., based in Pine Brook, New Jersey. The second-generation family business was founded in 1935 and serves public and private school districts across northern New Jersey.  Student Transportation, Inc., based in Wall, New Jersey, is the third-largest provider of school bus services in North America. Kevah Konner, Inc. is one of the school bus companies that I represent in NJ and sought my assistance in identifying prospective purchasers for the company.  I assisted with the regulatory and compliance aspects of the sale.  If you have a school bus, coach or tour company, we have the resources to assist you with a purchase, sale or merger.

Jerry A. Casser, Esq. –  Fairfield, NJ Transportation Attorney – www.jcasser.com


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