GENERAL MOTORS CORP. v. STATE TAX COM'N

No. 56334.

510 So.2d 498 (1987)

GENERAL MOTORS Corporation v. MISSISSIPPI STATE TAX COMMISSION.

Supreme Court of Mississippi.

July 8, 1987.


Attorney(s) appearing for the Case

Richard D. Gamblin, D. Michael Cockrell, Wise, Carter, Child & Caraway, Jackson, for appellant.

Bobby R. Long, Gary W. Stringer, Jackson, for appellee.

Before ROY NOBLE LEE, P.J., and ROBERTSON and SULLIVAN, JJ.


ROBERTSON, Justice, for the court:

I.

Today's appeal presents a question regarding the amount of tax credit which may be claimed by an affiliated group of corporations filing a consolidated income tax return where one of the corporations has paid a privilege tax. The question requires careful and intricate consideration of our income and privilege tax statutes and regulations. In the end we hold that the privilege taxpayer may claim the entire privilege...

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