Legal Opinion
Matrix Funding Corp. v. Utah State Tax Commission
Utah Supreme Court
Decided August 16, 2002No. 20000885PublishedCited by 6 opinions
1Opinion of the Court
HOWE, Justice:
BACKGROUND
T1 In May 1991, ZCMI planned to construct a retail store and parking garage in the Fashion Place Mall in Salt Lake County. ZCMI approached several banks and financiers, including Matrix Funding Corporation (Matrix), to borrow funds for construction. Matrix informed ZCMI of a financing mechanism it had used in other states that could be treated as an "operating lease" for financial reporting purposes and as a loan for tax purposes. ZCMI was interested in Matrix's proposal because under generally accepted accounting principles (GAAP), ZCMI would not be required to report…
2Cases cited27 opinions
- United States v. DalmSupreme Court of the United States · 1990
- United States v. KalesSupreme Court of the United States · 1941
- American Radiator & Standard Sanitary Corp. v. United StatesUnited States Court of Claims · 1963
- TRUE v. United StatesCourt of Appeals for the Tenth Circuit · 1999
- In Re Samuel Derek Graham and Suzanne Genett Graham, Debtors. Samuel Derek Graham and Suzanne Genett Graham v. United StatesCourt of Appeals for the Tenth Circuit · 1992
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3Cited by6 opinions
- State v. HolmUtah Supreme Court · 2006
- Dick Simon Trucking, Inc. v. Utah State Tax CommissionUtah Supreme Court · 2004
- Casco Marina Development, LLC v. M/V ForrestallDistrict Court, District of Columbia · 2005
- State v. TurnerCourt of Appeals of Utah · 2012
- RM LIFESTYLES, LLC v. EllisonCourt of Appeals of Utah · 2011
1 more not listed; retrieve them via the Exa API.