United States v. Duane Benton, Director of Revenue, State of Missouri Missouri Department of Revenue State of Missouri

One of the clauses in the contract between the United States and Olin relates to “allowable cost and payment.” See Contract Part II — Section I, 11 2, clause 14 (incorporating Federal Acquisition Regulation (“FAR”) 52.215-7 (APR 1984)). The contract incorporates FAR 32.205-41 by reference, which provides in pertinent part:(a) The following types of costs are allowable:(1) Federal, State, and local taxes (see part 29), except as otherwise provided in paragraph (b) below that are required to be and are paid or accrued in accordance with generally accepted accounting principles.(b) The following…