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- Title
Apportionment Issues.
- Authors
Schadewald, Michael S.
- Abstract
The article discusses the court case the Hallmark Marketing Co. v. Hegar in Texas. Topics covered include the facts and background of the case, the ruling of the Texas Supreme Court that a taxpayer is not required to include a net loss from the sale of capital and investment assets in the denominator of the apportionment factor, comparison of the decisions of the Texas Court of Appeals and the Texas Supreme Court and the ruling that taxpayers need to include only a net gain from such sale.
- Subjects
TAXATION lawsuits; INTERNAL revenue law; HALLMARK Marketing Corp.; TEXAS. Supreme Court; NET losses
- Publication
Journal of State Taxation, 2016, Vol 34, Issue 4, p5
- ISSN
0744-6713
- Publication type
Article