Out-of-State Taxpayers Win against California – On Rehearing, the California Court of Appeal Allows Taxpayers to Determine California Tax under the Favorable Multistate Tax Compact’s Three Factor Formula

On August 9, 2012, the California Court of Appeal “on its own motion and for good cause” vacated its decision and opinion issued on July 24, 2012 in Gillette v. Franchise Tax Board, and ordered a rehearing. The Franchise Tax Board (FTB) dismissed the...