YAM SPECIAL HOLDINGS v. COM'R OF REVENUE

A20-0021.

947 N.W.2d 438 (2020)

YAM SPECIAL HOLDINGS, INC., Relator, v. COMMISSIONER OF REVENUE, Respondent.

Supreme Court of Minnesota.

Filed: August 12, 2020.


Attorney(s) appearing for the Case

Susan J. Markey , Barry A. Gersick, Maslon LLP, Minneapolis, Minnesota; and Andrew T. Bernknopf , De Castro, West, Chodorow, Mendler & Glickfeld, Inc., Los Angeles, California, for relator.

Keith Ellison , Attorney General, Kristine K. Nogosek , John M. O'Mahoney , Assistant Attorneys General, Saint Paul, Minnesota, for respondent.


OPINION

The question presented in this case is whether the income from the sale of a partial interest in a business is subject to Minnesota corporate income tax. Relator YAM Special Holdings, Inc. sold a majority interest in its Go Daddy business and reported the gain from the sale as income that was not subject...

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