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N.C. Dep't of Revenue v. Graybar Elec. Co.

Appeal from an order and opinion of the Business Court determining that dividend income from a wholly owned subsidiary is considered part of a company's 'income not taxable' for the purposes of calculating 'net economic loss' income tax deductions.
Case Number
  • 153A19
Filed
Author
  • Per Curiam
Type
  • Published

Files

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Summary

Appeal from an order and opinion of the Business Court determining that dividend income from a wholly owned subsidiary is considered part of a company's 'income not taxable' for the purposes of calculating 'net economic loss' income tax deductions.

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