Tax News

CCH (cch.taxgroup.com) reports:

  The Alabama Supreme Court has affirmed, and adopted in its entirety, a previously reported decision by the Court of Civil Appeals upholding the state's corporate income tax addback requirement for certain interest and intangible expenses. (TAXDAY, 2008/2/13, S.2) The Court of Civil Appeals had determined that the addback statute was reasonable and did not violate either the Commerce Clause or the Due Process Clause of the U.S. Constitution.

VFJ Ventures, Inc. v. Surtees, Alabama Supreme Court, No. 1070718 , September 19, 2008, ¶201-328

  Other References:

  Explanations at ¶10-620