United Artists Corp. v. Department of Treasury

Taxpayer, United Artists Corporation, appeals by leave granted from the September 12, 1974 decision of the Corporation Tax Appeal Board [CTAB] upholding the determination by the Corporation Franchise Fee Division [CFFD] that taxpayer owed additional franchise taxes for 1965 through 1970.

Taxpayer, a Delaware corporation with principal offices in New York City and authorized to conduct business in Michigan, is in the motion picture business. Following an audit of taxpayer’s books and records in August 1971, CFFD determined that taxpayer improperly included certain monetary advances made to…