California Supreme Court
Mar. 9, 2012
High court weighs whether audit requests are too taxing
A popular corporate tax credit came into the state Supreme Court's crosshairs this week and businesses might not be happy with the result.
Daily Journal Staff Writer
SAN FRANCISCO - A popular corporate tax credit came into the state Supreme Court's cross hairs this week and businesses might not be happy with the result.
The justices heard oral argument Tuesday on whether the Franchise Tax Board has the power to audit companies that already received approval for the credit from a different government agency. The board is questioning the legitimacy of about $100 ...
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