Legal Opinion
City Securities Corp. v. Department of State Revenue
Indiana Tax Court
Decided December 30, 1998No. 49T10-9505-TA-00049PublishedCited by 13 opinions
1Opinion of the CourtFisher, J.
City Securities Corp. (City) challenges the Department of State Revenue’s (Department) decision to assess gross income tax on income City earned from the sale of bonds issued to fund school projects and sewer projects (hereinafter “the bonds”). City raises two issues for this Court’s review:
I. Whether the Department’s failure to issue a letter of findings in a timely manner voids the assessment of gross income tax made by the Department.
II. Whether the Department has the authority to assess gross income tax on the profit made on the buying and selling of the bonds when the bonds are:
a. exempt…
2Cases cited21 opinions
- Indiana Department of State Revenue v. Caylor-Nickel Clinic, P.C.Indiana Supreme Court · 1992
- State v. SprolesIndiana Supreme Court · 1996
- Grody v. StateIndiana Supreme Court · 1972
- Grody v. StateIndiana Supreme Court · 1972
- Althaus v. Evansville Courier Co.Indiana Court of Appeals · 1993
16 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- May Department Stores Co. v. Indiana Department of State RevenueIndiana Tax Court · 2001
- Matonovich v. State Board of Tax CommissionersIndiana Tax Court · 1999
- Turner v. Sheriff of Marion CountyDistrict Court, S.D. Indiana · 2000
- Hunt Corp. v. Department of State RevenueIndiana Tax Court · 1999
- Lake County Council v. State Board of Tax CommissionersIndiana Tax Court · 1999
8 more not listed; retrieve them via the Exa API.