STATE TAX COM'N v. CHEVRON U.S.A., INC.

No. 93-CA-0787.

650 So.2d 1353 (1995)

MISSISSIPPI STATE TAX COMMISSION v. CHEVRON U.S.A., INC.

Supreme Court of Mississippi.

Rehearing Denied March 30, 1995.


Attorney(s) appearing for the Case

Bobby R. Long, MS State Tax Com'n, Gary W. Stringer, Jackson, for appellant.

William F. Goodman Jr., Jamie G. Houston III, Watkins & Eager, Jackson, for appellee.

Before PRATHER, P.J., and PITTMAN and McRAE, JJ.


McRAE, Justice, for the Court:

Chevron, U.S.A., Inc. appeals the Mississippi Tax Commission's (hereinafter "Commission") interpretation of the franchise tax formula as set forth in Miss. Code Ann. § 27-13-13 for a multistate corporation. The Commission conducted a hearing on February 5, 1992, on the tax liability of Chevron, U.S.A., Inc. and held it owed additional franchise taxes in the amount of $2,240,304.00 for the 1989 and 1990 fiscal years. Chevron filed...

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