Alert: California Appellate Court in a 3 to 0 Opinion Reverses Trial Court in Gillette Case

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On May 8, 2012, the California Court of Appeal heard an appeal involving the Franchise Tax Board's refusal to allow a taxpayer to make the election under the Multistate Tax Compact to apportion income using an equally-weighted three factor formula.

Pursuant to the California Appellate Courts Case Information website, the FTB's decision has been reversed in full.A copy of the decision is available here.

For a summary of the Gillette matter, please read our April 18, 2012 summary, available here.



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