LONE STAR STEEL CO. v. DOLAN

No. 79CA0506.

642 P.2d 29 (1981)

LONE STAR STEEL COMPANY, a Texas corporation, Plaintiff-Appellant, v. Joseph F. DOLAN, Executive Director, Department of Revenue, State of Colorado, Defendant-Appellee.

Colorado Court of Appeals, Div. III.

Rehearing Denied November 5, 1981.

Certiorari Granted March 15, 1982.


Attorney(s) appearing for the Case

Welborn, Dufford, Cook & Brown, Miles C. Cortez, Jr., Beverly J. Quail, Denver, for plaintiff-appellant.

J. D. MacFarlane, Atty. Gen., Richard F. Hennessey, Deputy Atty. Gen., Mary J. Mullarkey, Sol. Gen., Chris J. Eliopulos, Asst. Atty. Gen., Denver, for defendant-appellee.


KELLY, Judge.

Lone Star Steel Company appeals the district court judgment affirming the determination of the Department of Revenue that it owes $22,455.10 in Colorado income tax for the years 1970, 1971, 1972, and 1973. Lone Star argues that under the Multistate Tax Compact, § 24-60-1301, C.R.S.1973, certain interest and dividend income was incorrectly characterized as business income and certain sales were erroneously apportioned to Colorado. We affirm.

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