California Court of Appeal April 5, 1995, A066452 (Willamette Industries, Inc. v. Franchise Tax Board)

Opinion

DOSSEE, J.

This is an action for a refund of California corporation franchise taxes paid by Willamette Industries, Inc., an Oregon corporation,

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for income year 1977. The question before this court concerns the proper tax treatment of dividends paid to Willamette by two subsidiary corporations.

Facts

The facts are undisputed. Plaintiff Willamette Industries, Inc.