UPDATE: California Court of Appeal Vacates Decision Allowing Taxpayers to Elect Multistate Tax Compact Income Apportionment

A recent Tax Briefing informed you of the California Court of Appeal’s decision in The Gillette Company, et al., v. California Franchise Tax Board, No. A130803 (Cal. Ct. App. July 24, 2012) (see http://www.winston.com/siteFiles/Publications/Gillette_v_FTB.pdf).  In an unexpected development last week, the Court of Appeal, on its own motion, ordered a rehearing and vacated its July 24 decision and opinion.  We will continue to monitor this case and provide updates as appropriate.  In the meantime, please contact one of the attorneys listed below if you have any questions about how Gillette may affect your situation.

If you have any questions regarding any matters discussed in this briefing, please contact any of the Winston & Strawn State and Local Tax Group attorneys listed below or your usual Winston & Strawn contact.

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You may also email us at busdev1@winston.com or write us at Winston & Strawn LLP, Attention: Business Development Clerk, 35 West Wacker Drive, Chicago, IL 60601.

These materials have been prepared by Winston & Strawn LLP for informational purposes only and are not legal advice. These materials do not constitute legal advice and cannot be relied upon by any taxpayer for the purpose of avoiding penalties imposed under the Internal Revenue Code.  Receipt of this information does not create an attorney-client relationship. No reproduction or redistribution without written permission of Winston & Strawn LLP.

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© 2012 Winston & Strawn LLP