Indiana Department of State Revenue v. Food Marketing Corp.

I dissent. I agree with the Majority that the statute here in issue is clear and unambiguous. I also agree that there is no expression by the Legislature that any words in this statute should be given a technical meaning. Again agreeing with the Majority, the words in this statute should be given their plain, ordinary and usual meaning. I am compelled to dissent, however, since the Majority fails in this endeavor.

The Majority takes the stance that the plain, ordinary and usual meaning of “cost of the stock” is that this includes the cost of the stock, plus buying, warehousing, turnover, and…