Legal Opinion
Cashmere Valley Bank v. Department of Revenue
Washington Supreme Court
Decided September 25, 2014No. 89367-5PublishedCited by 23 opinions
1Opinion of the Court
f 1 This case turns on interpretation of a state tax deduction statute. Former RCW 82.04.4292 (1980) provided that in computing their business and occupation (B&O) tax, banks and financial institutions could deduct from their income “amounts derived from interest received on investments or loans primarily secured by first mortgages or trust deeds on nontransient residential properties.”1 Between 2004 and 2007, Cashmere Valley Bank invested in mortgage-backed securities known as real estate mortgage investment conduits (REMICs) and collater*625alized mortgage obligations (CMOs). Cashmere claims…
2Cases cited16 opinions
- Department of Ecology v. Campbell & Gwinn, L.L.C.Washington Supreme Court · 2002
- State, Dept. of Ecology v. Campbell & GwinnWashington Supreme Court · 2002
- 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
11 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Brown v. Department of CommerceWashington Supreme Court · 2015
- Jackson v. Quality Loan Service Corp.Court of Appeals of Washington · 2015
- Deutsche Bank National Trust Co. v. Valerie J. SlotkeCourt of Appeals of Washington · 2016
- Andrews v. Countrywide Bank, NADistrict Court, W.D. Washington · 2015
- Olympic Tug & Barge, Inc. v. Department of RevenueCourt of Appeals of Washington · 2015
18 more not listed; retrieve them via the Exa API.