Mid-America Television Co. v. State Tax Commission

ROBERT E. SEILER, Senior Judge.

We have jurisdiction of this appeal because it involves construction of the revenue laws. Mo. Const., art. V, § 3. The question presented is whether a subsidiary of a parent company is entitled to deduct for Missouri income tax purposes what the subsidiary would have paid in federal income tax had it filed a separate federal return, rather than being included by the parent corporation in the latter’s consolidated return.1 The same issue and largely the same arguments pro and con are presented in four other cases which were argued and submitted on the same day as…