Centex International, Inc. v. South Carolina Department of Revenue

Centex International, Inc. (Appellant) filed consolidated income tax returns for its three corporate affiliates that wholly owned the general partnership of Centex Homes, a developer of residential communities. Appellant appeals the Administrative Law Court’s (ALC’s) order upholding the South Carolina Department of Revenue’s (the Department’s) denial of its claim for infrastructure tax credits for the 2002-2005 income tax years. Appellant contends the ALC erred in: (1) concluding the corporate affiliates of Appellant were not eligible to claim the infrastructure tax credit as partners of…