Legal Opinion
Commonwealth v. Lucky Stores, Inc.
Supreme Court of Virginia
Decided June 11, 1976No. Record 750775PublishedCited by 11 opinions
1Opinion of the CourtCompton, J.
This controversy concerns the methods used for income taxation of a multistate foreign corporation.
Code §§ 58-151.035 through 58-151.050 provide for allocation and apportionment of Virginia taxable income by a corporation having income from business activity which is taxable both within and without Virginia. Code § 58-151.041 requires that taxable income, excluding certain classes, of such a corporation be apportioned to Virginia by a formula which includes a property factor, a payroll factor and a sales factor. These factors represent elements of the Virginia operation as a percentage of the…
2Cases cited10 opinions
- Hans Rees' Sons, Inc. v. North Carolina Ex Rel. MaxwellSupreme Court of the United States · 1931
- Butler Bros. v. McColgan, Franchise Tax CommissionerSupreme Court of the United States · 1942
- Underwood Typewriter Co. v. ChamberlainSupreme Court of the United States · 1920
- Adams Express Co. v. Ohio State AuditorSupreme Court of the United States · 1897
- Bass, Ratcliff & Gretton, Ltd. v. State Tax CommissionSupreme Court of the United States · 1924
5 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Xerox Corp. v. Comptroller of TreasuryCourt of Appeals of Maryland · 1981
- Chesapeake Hospital Authority v. CommonwealthSupreme Court of Virginia · 2001
- COM., DEPT. OF TAXATION v. Delta Air LinesSupreme Court of Virginia · 1999
- Davenport v. Little-BowserSupreme Court of Virginia · 2005
- LZM, INC. v. Virginia Dept. of TaxationSupreme Court of Virginia · 2005
6 more not listed; retrieve them via the Exa API.