[DOWNLOAD] "Sergeant Enterprises" by Texas Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Sergeant Enterprises
- Author : Texas Court of Appeals
- Release Date : January 11, 2003
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 67 KB
Description
In this suit for a refund of franchise taxes, Sergeant Enterprises, Inc. ("appellant") appeals from the grant of a summary judgment in favor of Carole Keeton Strayhorn, Comptroller of Public Accounts, and Greg Abbott, Attorney General of the State of Texas (collectively, "Comptroller").*fn1 In two issues, appellant asserts that the district court erred in granting the Comptroller's motion for summary judgment and denying its own. Appellant urges that it conclusively proved its entitlement to a refund by offsetting its 1995 franchise tax liability with the business losses of a predecessor entity that appellant acquired through a merger in 1994. Holding that, in calculating its net taxable earned surplus, appellant may not deduct the business losses of a predecessor corporation that it acquired through a merger, we affirm the judgment of the district court.