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SAVAGE INDUSTRIES v. STATE TAX COM'N

No. 900248.

811 P.2d 664 (1991)

SAVAGE INDUSTRIES, INC., Petitioner, v. UTAH STATE TAX COMMISSION, Respondent.

Supreme Court of Utah.

May 3, 1991.

Attorney(s) appearing for the Case

R. Brent Jenkins, Dale R. Kent, Salt Lake City, for petitioner.

R. Paul Van Dam and Mark E. Wainwright, Salt Lake City, for respondent.

HALL, Chief Justice:

Savage Industries, Inc., seeks a writ of review of a final order of the Utah State Tax Commission ("the Commission") entered on April 20, 1990, which denied Savage Industries' petition for redetermination and upheld the finding of the auditing division that subsidiary corporations of Savage Industries were not entitled to carry over their own preacquisition losses in determining their annual income for preparation of the consolidated returns of...

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