PLEDGER v. GETTY OIL EXPLORATION CO.

No. 91-228.

831 S.W.2d 121 (1992)

309 Ark. 257

James PLEDGER, Director, Department of Finance and Administration, State of Arkansas, Appellant, v. GETTY OIL EXPLORATION COMPANY, Appellee.

Supreme Court of Arkansas.

May 4, 1992.


Attorney(s) appearing for the Case

Rick Pruett, Little Rock, for appellant.

Eugene G. Sayre, Little Rock, David J. Dziak, Tulsa, Ok., for appellee.


DUDLEY, Justice.

The single issue in this case is whether the accrued interest income of the appellee corporate taxpayer, Getty Oil Exploration Company, constituted apportionable business income in 1983 and 1984 under the Uniform Division of Income for Tax Purposes Act. The chancellor determined that the income was not taxable by the State of Arkansas. We affirm the chancellor's ruling.

Getty Oil Company, the taxpayer's parent corporation, was a publicly traded...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases