Vickie Kansler v. Mississippi Department of Revenue

ISHEE, JUSTICE, FOR THE COURT:

¶ 1. Michael and Vickie Kansler moved to Mississippi from New York for Michael's job and, over the following years, exercised stock options stemming from that employment. The Kanslers took the position that the stock options' income was taxable only in Mississippi, which reduced their tax burden significantly. New York saw things differently and found a substantial portion of the income taxable by it. This liability to another state would have entitled the Kanslers to a credit on their Mississippi taxes worth more than $250,000-but by the time the New York audit…