Franchise and Income Tax Formal Legal Opinions Adopted in 1998
| Appeal No. | Appeal Name | Date |
|---|---|---|
| 98-SBE-001 | ZENITH NATIONAL INSURANCE CORP. EXPENSES – ALLOCATION EXPENSES – EXEMPT INCOME INTEREST EXPENSE / INTEREST OFFSET Revenue and Taxation Code section 24425. Internal Revenue Code section 265. Revenue Procedure 72-18, 1972-1 C.B. 740. E.F. Hutton Croup, Inc. v. United States (1987) 811 F.2d 581, 584. Great Western Financial Corp. v. Franchise Tax Board (1971) 4 Cal.3d 1. Appeal of Mission Equities Corp., 75-SBE-002, Jan. 7, 1975 |
Jan. 8, 1998 |
| 98-SBE-001-A | ZENITH NATIONAL INSURANCE CORP. PETITION FOR REHEARING |
June 25, 1998 |
| 98-SBE-002 | AMREP, INC. BANKRUPTCY DISMISSAL OF APPEAL |
Feb. 26, 1998 |
| 98-SBE-003 | DOUGLAS AND BARBARA BROYLES, ET AL. PARTNERSHIPS SMALL BUSINESS STOCK Revenue and Taxation Code section 18162.5 Appeal of Thomas J. and Gerd Perkns, et al., 96-SBE-010, Apr. 11, 1996 Appeals of Diane L. Morris Trust, et al., 89-SBE-019, Aug. 2, 1989 |
May 1, 1998 |
| 98-SBE-004 | ALPHA THERAPEUTIC CORPORATION EXEMPT INCOME Revenue and Taxation Code section 23151. Revenue and Taxation Code section 33 |
Dec. 10, 1998 |
| 98-SBE-005 | AUTOMOBILE CLUB OF SOUTHERN CALIFORNIA COOPERATIVE ASSOCIATIONS TAX-EXEMPT ORGANIZATION Corporations Code section 7411 Internal Revenue Code section 277. California State Automobile Association v. Franchise Tax Board (1987) 191 Cal.App.3d 1253 |
Nov. 19, 1998 |
| 98-SBE-006 | BARBARA GODEK HEAD OF HOUSEHOLD Revenue and Taxation Code section 17042 Internal Revenue Code section 2. Internal Revenue Code section 7703. Appeal of William Tierney, 97-SBE-006-A, Sept. 10, 1997. |
Nov. 19, 1998 |