Texaco Inc. v. Calvert

SHANNON, Justice.

This appeal concerns Tex. Tax.-Gen.Ann. Art. 12.01 et seq., commonly called the “Franchise Tax.” More specifically, the question involves the application for an alternative “allocation formula” by which the franchise tax of a corporation is measured.

Appellant, Texaco Inc., sued the Comptroller of Public Accounts in the district court of Travis County for a refund of $2,474,266.00 representing franchise taxes paid under protest for the year beginning May 1, 1971, and ending* April 30, 1972. The basis for suit was that appellant had lodged a petition with the Comptroller,…