Gain from Sale of Affiliate Stock Not Subject to Apportionment by Alabama
Journal of State Taxation
Bruce Ely and James Long discuss the Tate & Lyle case, where it was determined that an out-of-state corporation was not subject to Alabama corporate income tax on the gain it realized from selling its one-third stock interest in a European company.
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This article is reprinted with the publisher’s permission from the JOURNAL OF STATE TAXATION, a bimonthly journal published by CCH, a Wolters Kluwer business. Copying or distribution without the publisher’s permission is prohibited. To subscribe to the JOURNAL OF STATE TAXATION or other CCH Journals please call 800-449-8114 or visit www.CCHGroup.com. All views expressed in the articles and columns are those of the author and not necessarily those of CCH or any other person.
