Judge rules NJ couple's lottery annuity payments can't be taxed retroactively

A New Jersey Tax Court judge has sided with a couple who won $46 million in the state lottery in 2000 and elected to have their winnings distributed in annual installments as a multiyear annuity payment, holding that the state did not have the right to retroactively tax their winnings after passing a new statute.New Jersey, Legal, Winner Stories, Jackpots, Big Game, Taxes, Annuity, Multi-State Game, Court