Legal Opinion
Champion International Corp. v. Bureau of Revenue
New Mexico Court of Appeals
Decided August 13, 1975No. 1746PublishedCited by 26 opinions
1Opinion of the Court
OPINION
SUTIN, Judge.
Champion International Corporation (Champion) appeals the Decision and Order of the Commissioner of Revenue (Commissioner) which assessed additional corporate income tax for the year 1972.
The Commissioner found that Champion erroneously allocated as “nonbusiness income” the income it received in the form of interest, rent, and gains from the sale of assets. The Commissioner found that such income was properly classified as “business income” under § 72-15A-17(A), N.M.S.A.1953 (Repl.Vol. 10, pt. 2, 1973 Supp.). This section falls within the Uniform Division of Income for Tax…
2Cases cited14 opinions
- Thorpe v. MahinIllinois Supreme Court · 1969
- Western Natural Gas Co. v. McDonaldSupreme Court of Kansas · 1968
- Sperry and Hutchinson Co. v. Department of RevenueOregon Supreme Court · 1974
- Commonwealth v. ACF Industries, Inc.Supreme Court of Pennsylvania · 1970
- Great Lakes Pipe Line Co. v. Commissioner of TaxationSupreme Court of Minnesota · 1965
9 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Union Carbide Corp. v. HuddlestonTennessee Supreme Court · 1993
- NCR Corp. v. Comptroller of the TreasuryCourt of Appeals of Maryland · 1988
- Holiday Inns, Inc. v. OlsenTennessee Supreme Court · 1985
- Federated Stores Realty, Inc. v. HuddlestonTennessee Supreme Court · 1992
- District of Columbia v. Pierce Associates, Inc.District of Columbia Court of Appeals · 1983
21 more not listed; retrieve them via the Exa API.