POSTAL FINANCE CO. v. OKLAHOMA TAX COM'N

No. 50098.

594 P.2d 1205 (1977)

POSTAL FINANCE COMPANY, INC., Appellant, v. OKLAHOMA TAX COMMISSION, Appellee.

Supreme Court of Oklahoma.

Rehearing Denied June 4, 1979.


Attorney(s) appearing for the Case

Bryce A. Baggett, Oklahoma City, for appellant.

Stanley J. Alexander, Acting Gen. Counsel, Clyde E. Fosdyke, Oklahoma City, for appellee.


LAVENDER, Vice Chief Justice:

Postal Finance Company, Inc. (Postal Finance), is an Oklahoma corporation with its complete income derived from business within this state. As an affiliate and a properly includable corporation, a consolidated federal income tax return has been filed by the parent foreign corporation. Postal Finance's Oklahoma state income tax return has been filed as a separate corporation.

In 1973, Postal Finance had a net operating loss. That...

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