ST. LOUIS SOUTHWESTERN RY. CO. v. RAGLAND

No. 90-174.

800 S.W.2d 410 (1990)

304 Ark. 1

ST. LOUIS SOUTHWESTERN RAILWAY COMPANY, Appellant, v. Charles D. RAGLAND, Commissioner of Revenue, State of Arkansas, Department of Finance and Administration, Appellee.

Supreme Court of Arkansas.

December 3, 1990.


Attorney(s) appearing for the Case

Patrick A. Burrow, Pine Bluff, for appellant.

Cora L. Gentry, Little Rock, for appellee.


HOLT, Chief Justice.

The appellant, St. Louis Southwestern Railway Company (SSW), appeals from a decision of the Pulaski County Chancery Court holding that for state tax purposes, SSW is required to include certain nonbusiness income in calculating its net operating losses for 1980 and 1981. We affirm.

SSW initially brought suit in the Chancery Court of Pulaski County against the Commissioner of Revenue (Commissioner) asserting claims for refunds for the tax...

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