TAXES: Multinational corporation filing state income taxes under “water’s-edge” election entitled to 100% income exclusion for dividends under IRC 243, not just 80%… DOR/Reynolds reversed. [Read more…]
Oil pipeline taxes, gathering systems
OIL PIPELINE TAXES: Gathering systems properly classified as class 8. . . DOR reversed, Menahan affirmed. [Read more…]
Taxes, refinery assessment methods/procedures
TAXES: Challenges to methods/procedures for assessing coking/refinery properties must be raised administratively, not as declaratory action… Watters/Todd affirmed. [Read more…]
Property taxes, STAB v. DOR assessment amount
PROPERTY TAXES: STAB may assess utility’s market value in amount that exceeds DOR’s original assessment… Watters [Read more…]
Utility taxes, assessment methodology
UTILITY TAXES: DOR properly used earnings-price ratios in direct capitalization approach… additional depreciation deductions not [Read more…]
Procedure, appeal of partial remand to STAB
PROCEDURE: Part of Watters’s remand to STAB is appealable… order. [Read more…]
Property taxes, failure to respond to discovery
PROPERTY TAXES: Appeal to STAB properly dismissed for failure to respond to discovery… inadequate Supreme Court appeal briefing… Watters affirmed. [Read more…]
Corporate taxes, transactional/functional test
CORPORATE TAXES: §15-31-302(1) contains both transactional and functional test for determining business income… Sherlock affirmed.
GANSAT, a 1st-tier subsidiary of Gannett Group, publishes the Great Falls [Read more…]