Tax Appeal Win May Lead To Heartburn For Darden

Law360 (March 1, 2019, 7:36 PM EST) -- Darden Restaurants Inc. won a challenge over Orange County, Florida's tax assessment for tens of millions of dollars' worth of office furniture, gym equipment and other tangible personal property at its corporate headquarters, as Florida's First District found Friday that a state circuit court applied outdated case law, though the victory may be fleeting.

Darden and Orange County Property Appraiser Rick Singh were more than $8 million apart on their respective valuations of the tangible personal property, or TPP, at the Orlando facility in the two years in question. The appeals court found that the lower court, which vacated an initial decision...

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