H.J. Heinz Co. v. Department of Treasury

This case involves an interpretation of Michigan’s Single Business Tax Act (sbta) for the purpose of determining whether certain arrangements known as "repo” transactions are "sales” as defined under the act. MCL 208.1 et seq.; MSA 7.558(1) et seq'. Plaintiff appeals as of right from an order of the Court of Claims which ruled that the transactions in question were not sales, thus denying plaintiff requested tax refunds. On appeal, plaintiff again argues that its repo transactions constituted sales under the act. We disagree and affirm.

i

Plaintiff is a Pennsylvania corporation doing business…