TARVER v. E.I. DU PONT DE NEMOURS AND CO.

No. 93-C-1005.

634 So.2d 356 (1994)

Leon R. TARVER II, Secretary for the Department of Revenue and Taxation, State of Louisiana v. E.I. DU PONT DE NEMOURS AND COMPANY.

Supreme Court of Louisiana.

March 24, 1994.


Attorney(s) appearing for the Case

Marlon V. Harrison, Baton Rouge, Marlin N. Gusman, New Orleans, for applicant.

Robert L. Roland, Watson, Blanche, Wilson & Posner, Baton Rouge, for respondent.


DENNIS, Justice.*

The Department of Revenue and Taxation (Department) brought this suit against E.I. Du Pont De Nemours and Company (Du Pont) to collect additional corporate franchise taxes for the year 1981. The case hinges on the correct interpretation of La.R.S. 47:604-05, and the Department's Rule 604, which govern the valuation of capital stock for the purpose of calculating corporate franchise taxes. The issue is whether the statutes...

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