EXCISE TAX REFUND
Court of Appeal Affirms FTB’s Position Re Sales or Use Tax Credit for Current Expense Assets
Tuesday, March 13th, 2012 | Enterprise Zones, Legislation, Tax News
The Second District Court of Appeals today ruled that the enterprise zone sales and use tax credit of Revenue and Taxation Code Sec. 23612.2 is not available in connection with the purchase of current expense assets, but rather only with the purchase of capital assets. Read the full opinion.