La. Tax Talk: Fair Market Value, Jeopardy, Inventory Tax Credit

By Jaye Calhoun, Michael McLoughlin and William Kolarik (January 28, 2021, 2:32 PM EST) -- In a year in which Mardi Gras has been canceled, Louisiana corporate taxpayers had to ask the courts for goodies instead and have, in fact, notched a couple of victories against the Louisiana Department of Revenue recently.

In this month's update we discuss a decision by the Louisiana Supreme Court not to hear the DOR's appeal related to an earlier nonresident due process victory and a Louisiana Supreme Court decision regarding assessor discretion in property tax cases that was very favorable to taxpayers — and appropriately so.

On the other hand, in another corporate income tax case, a taxpayer was not...

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