Land O'Frost, Inc. v. Pledger

Steele Hays, Justice.

Appellant, Land O’Frost, Inc., is an Illinois corporation. Appellant brought this suit for a refund of corporate income taxes paid to the State of Arkansas by Land O’Frost Arkansas, Inc., an Arkansas corporation wholly owned by appellant. Land O’Frost Arkansas operated a plant at Searcy and filed corporate tax returns for fiscal years 198 3 through 1986. None of the returns reflected income or expenses of the appellant from its Illinois operations.

On December 31, 1986, Land O’Frost Arkansas, Inc., was merged into appellant, Land O’Frost, Inc. As successor in interest to…