Legal Opinion
Super Valu Stores, Inc. v. Iowa Department of Revenue & Finance
Supreme Court of Iowa
Decided December 24, 1991No. 90-1557PublishedCited by 1 opinion
1Opinion of the Court
LARSON, Justice.
When Super Valu Stores, Inc. sold a subsidiary corporation, County Seat Stores, Inc., the State of Iowa attempted to subject the capital gain to Iowa income tax. Super Valu resisted on the ground that, while Super Valu itself was subject to Iowa in come tax, County Seat and Super Valu were not a “unitary business” for tax purposes, and Super Valu’s gain on the sale of County Seat could not be attributed to Super Valu’s Iowa income. The department of revenue and finance, and the district court, rejected this argument. We affirm.
Super Valu is a corporation organized under…
2Cases cited11 opinions
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- Mobil Oil Corp. v. Commissioner of Taxes of Vt.Supreme Court of the United States · 1980
- Butler Bros. v. McColgan, Franchise Tax CommissionerSupreme Court of the United States · 1942
- ASARCO Inc. v. Idaho State Tax CommissionSupreme Court of the United States · 1982
- FW Woolworth Co. v. Taxation and Revenue Dept. of NMSupreme Court of the United States · 1982
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3Cited by1 opinion
- Iannone v. Iowa Department of Revenue & FinanceSupreme Court of Iowa · 2002