GENERAL HARTFORD, INC. v. TAX COMMISSIONER


178 Conn. 240 (1979)

GENERAL HARTFORD, INC., ET AL. v. TAX COMMISSIONER OF THE STATE OF CONNECTICUT

Supreme Court of Connecticut.

Decision released July 3, 1979.


Attorney(s) appearing for the Case

Richard C. Robinson, with whom, on the brief, was Lee L. Bennett, for the appellants (plaintiffs).

Robert L. Klein, assistant attorney general, with whom, on the brief, were Carl R. Ajello, attorney general, and Ralph G. Murphy, assistant attorney general, for the appellee (defendant).

COTTER, C. J., LOISELLE, BOGDANSKI, LONGO and PETERS, JS.


PER CURIAM.

The facts in this appeal are not in dispute. The plaintiffs are construction companies which in the course of their business obtained certain short term construction loans from various lending institutions in order to pay their general and subcontractors. The defendant tax commissioner assessed deficiencies against the companies as the result of their failure to include the amounts of the above loans in the computation of their franchise tax returns for...

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