Legal Opinion
Ross-Araco v. Com., Bd. of Fin. & Rev.
Supreme Court of Pennsylvania
Decided April 18, 1996PublishedCited by 28 opinions
1Opinion of the Court
OPINION
ZAPPALA, Justice.
The issue presented in this direct appeal is whether the corporate taxpayer’s gain from the sale of a 21.5 acre tract of land was business income for the purpose of calculating its corporate net income tax for the fiscal year ending November 30,1988. The Board of Finance and Revenue determined that the gain was business income under § 401(3)2.(a)(l) of the Tax Reform Code of 1971 (Code), 72 P.S. § 7401(3)2.(a)(l). The Commonwealth Court reversed based on its conclusion that the gain from the sale was nonbusiness income. We granted oral argument on this matter and now…
2Cases cited4 opinions
- Laurel Pipe Line Co. v. CommonwealthSupreme Court of Pennsylvania · 1994
- McVean & Barlow, Inc. v. New Mexico Bureau of RevenueNew Mexico Court of Appeals · 1975
- Welded Tube Co. of America v. CommonwealthCommonwealth Court of Pennsylvania · 1986
- Ross-Araco, Corp. v. CommonwealthCommonwealth Court of Pennsylvania · 1994
3Cited by28 opinions
- Texaco-Cities Service Pipeline Co. v. McGawIllinois Supreme Court · 1998
- Commonwealth v. Gilmour Manufacturing Co.Supreme Court of Pennsylvania · 2003
- Polaroid Corp. v. OffermanSupreme Court of North Carolina · 1998
- Hoechst Celanese Corp. v. Franchise Tax BoardCalifornia Supreme Court · 2001
- The Kroger Co. v. the Dept. of RevenueAppellate Court of Illinois · 1996
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