FIRST NAT. LEASING v. DEPT. OF ST. REV.

No. 49T10-9105-TA-00024.

598 N.E.2d 640 (1992)

FIRST NATIONAL LEASING AND FINANCIAL CORP., Petitioner, v. INDIANA DEPARTMENT OF STATE REVENUE, Respondent.

Tax Court of Indiana.

August 19, 1992.


Attorney(s) appearing for the Case

Brian K. Peters, Brian W. Welch, McHale Cook & Welch, P.C., Indianapolis, C. Clark Germann, Michael C. Connelly, Peggy J. Ryan, Sorling, Northrup, Hanna, Cullen and Cochran, Ltd., Springfield, for petitioner.

Linley E. Pearson, Atty. Gen., Ted Holaday, Deputy Atty. Gen., Indianapolis, for respondent.


FISHER, Judge.

First National Leasing and Financial Corporation (First National) petitions the court to set aside the final determination of the Indiana Department of State Revenue (Department) assessing Indiana gross income tax in the amount of $25,432.97 plus interest and penalties on its rental income received from the lease of equipment to its wholly owned subsidiary, Hulcher Services, Inc. (Hulcher) from September 30, 1976, through September 30, 1986.

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