BRENNAN v. DIRECTOR OF REVENUE

No. 79015.

937 S.W.2d 210 (1997)

John A. BRENNAN and Dorothy A. Brennan, Appellants, v. DIRECTOR OF REVENUE, Respondent.

Supreme Court of Missouri, En Banc.

January 21, 1997.


Attorney(s) appearing for the Case

Douglas A. Copeland, Stephen C. Hiotis, Clayton, for Appellants.

Jeremiah W. (Jay) Nixon, Attorney General, Evan J. Buchheim, Assistant Attorney General, Jefferson City, for Respondent.


WHITE, Judge.

Texas imposes one tax on corporations doing business in that state and calls it a "franchise tax."1 The tax is calculated by comparing a net income component and a net capital component; the tax due is the larger of the two components. Missouri allows an income tax credit for income tax paid to another state.2 In Herschend v. Director of Revenue,3 this Court...

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