Texas Tidings: Recent Updates
On November 10, 2023, the Texas Supreme Court denied the petitions for review in Citgo Petroleum Group Corp. v. Hegar1 and Conagra Brands Inc. v…
Source: lexology.com
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Texas Supreme Court May Hear Gross V. Net Apportionment Issue For Sale Of Securities After All
On Friday, April 21, 2023, the Texas Supreme Court signaled further interest in two cases addressing whether the proceeds from the sale of certain securities treated as inventory for federal income...
United States Citgo Petroleum Corp Conagra Brands Inc Council On State Taxation Brands Inc Texas Supreme Court
Source: marketscreener.com
Missing Annual Franchise Tax Reports Can Have Big Consequences | Gray Reed
What about the alleged damages raised in the breach of contract dispute? Texas case law identifies two lines of legal reasoning in determining when a debt is “created or “incurred”. The first line of case law stands for the proposition that a debt is neither created nor incurred until it is reduced to a liquidated sum of money. In Cain v. State, 882 S.W.2d 515 (Tex. App. – Austin 1994, no writ), Lee Cain appealed a district court decision holding him personally liable for the debts o...
Source: jdsupra.com