Legal Opinion
Cashmere Valley Bank v. Department of Revenue
Court of Appeals of Washington
Decided July 9, 2013No. 42514-9-IIPublishedCited by 6 opinions
1Opinion of the CourtPenoyar, J.
¶1 The Washington State Department of Revenue (Department) audited Cashmere Valley Bank for the years 2004 through 2007 and assessed additional business and occupation (B&O) tax for interest income Cashmere had received on investments in real estate mortgage investment conduits (REMICs) and collateralized mortgage obligations (CMOs).
¶2 Cashmere paid the additional tax and then filed a complaint for refund in superior court, claiming that the interest income was deductible under RCW 82.04.4292.1 On summary judgment, the trial court denied Cashmere the deduction. Cashmere appeals, arguing that…
2Cases cited9 opinions
- HomeStreet, Inc. v. STATE, DEPT. OF REVENUEWashington Supreme Court · 2009
- HomeStreet, Inc. v. Department of RevenueWashington Supreme Court · 2009
- American Best Food v. Alea LondonWashington Supreme Court · 2010
- American Best Food, Inc. v. Alea London, Ltd.Washington Supreme Court · 2010
- Rasor v. Retail Credit Co.Washington Supreme Court · 1976
4 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Cashmere Valley Bank v. Department of RevenueWashington Supreme Court · 2014
- Jumamil v. Lakeside Casino, LLCCourt of Appeals of Washington · 2014
- International Union of Police Ass'n, Local 748 v. Kitsap CountyCourt of Appeals of Washington · 2014
- Cashmere Valley Bank v. Dep't of RevenueWashington Supreme Court · 2014
- Iupa Local 748 v. Kitsap CountyCourt of Appeals of Washington · 2014
1 more not listed; retrieve them via the Exa API.