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Post details: North Carolina --Corporate, Personal Income Taxes: State Supreme Court Will Not Hear Bond Interest Class Certification Case
12/17/07
North Carolina --Corporate, Personal Income Taxes: State Supreme Court Will Not Hear Bond Interest Class Certification Case
CCH (cch.taxgroup.com) reports:
The North Carolina Supreme Court has ruled that its initial discretionary grant of review of an appellate court's decision upholding class certification in an action challenging North Carolina's personal income and corporate income taxation of interest earned on out-of-state bonds was improvidently allowed (see TAXDAY, 2007/05/14, S.19). The case will now be returned to the Superior Court for further proceedings.
Dunn v. State of North Carolina , North Carolina Supreme Court, No. 605PA06, December 7, 2007.
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