Southern Clay Products, Inc. v. Bullock

SHANNON, Chief Justice.

Appellant Southern Clay Products, Inc., filed suit in the district court of Travis County for a refund of $85,621.88 in franchise taxes paid to the Comptroller of Public Accounts. After trial to the court, the district court rendered judgment that appellant take nothing. This Court will affirm the judgment.

The Comptroller concluded after audit that for years 1981, 1982, and 1983 appellant had improperly determined its franchise tax on the basis of a trial balance, or working papers, instead of relying upon its general ledger. The Comptroller recomputed appellant’s…