New Jersey law would force Verizon to pay the taxes it avoided for a decade

A 1997 New Jersey law allows telcoms companies to stop paying taxes while continuing their access to municipal infrastructure (poles, land, lines, etc) if they serve fewer than 51% of the people in a city; in 2008, Verizon started to claim this exemption, by 2015, it was paying no municipal taxes to 150 of New Jersey's 565 cities. Read the rest