CITRUS BELT S. & L. ASSN. v. CALIF. FRANCHISE TAX

Docket No. 26641.

218 Cal.App.2d 584 (1963)

32 Cal. Rptr. 579

CITRUS BELT SAVINGS AND LOAN ASSOCIATION et al., Plaintiffs and Appellants, v. CALIFORNIA FRANCHISE TAX BOARD, Defendant and Appellant.

Court of Appeals of California, Second District, Division Two.

July 24, 1963.


Attorney(s) appearing for the Case

Alan D. Pauw and Leo Shapiro for Plaintiffs and Appellants.

McGilvray, Cooper & Brodovsky, Kenneth G. McGilvray, Goodson & Hannan, William E. Hannan and Walter S. Weiss as Amicus Curiae on behalf of Plaintiffs and Appellants.

Stanley Mosk, Attorney General, Dan Kaufmann, Assistant Attorney General, and Neal J. Gobar, Deputy Attorney General, for Defendant and Appellant.


HERNDON, J.

Defendant California Franchise Tax Board appeals from the judgment entered in favor of two savings and loan associations following a nonjury trial of their action for refund of certain of their franchise taxes paid during the income years 1953, 1954 and 1955. Each plaintiff made timely payment of its franchise taxes and filed a claim for refund for each year involved. These claims were denied by the defendant board and such denials were affirmed by the...

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