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CHASE BRASS & COPPER CO. v. FRANCHISE TAX BD.

Docket No. 38789.

70 Cal.App.3d 457 (1977)

138 Cal. Rptr. 901

CHASE BRASS & COPPER CO., INC., Plaintiff and Appellant, v. FRANCHISE TAX BOARD, Defendant and Appellant.

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

June 7, 1977.

Attorney(s) appearing for the Case

COUNSEL

Valentine Brookes, Lawrence V. Brookes and Brookes, Bookes & Vogl for Plaintiff and Appellant.

Evelle J. Younger, Attorney General, Ernest P. Goodman, Assistant Attorney General, and Timothy G. Laddish, Deputy Attorney General, for Defendant and Appellant.

OPINION

TAYLOR, P.J.

Both the taxpayer, Chase Brass & Copper Co., Inc. (hereafter Chase) and the state Franchise Tax Board (hereafter Board) appeal1 from a 1975 judgment in the total amount of $57,578.772 for the recovery of corporate franchise taxes, plus interest, for the years 1954, 1955 and 1956. The 1975 judgment was entered after retrial and recomputation pursuant...

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