Legal challenge to Alabama tax could bust budget

Molis, Jim
October 1997
Bond Buyer;10/29/97, Vol. 322 Issue 30262, p1
Trade Publication
Focuses on the effects of the ruling of the Supreme Court in favor of out-of-state corporations seeking to abolish tax to the budget of Alabama. Distribution of the levy of Alabama to its recipients; Opinion of Circuit Court Judge William Gordon about the tax; Order of Montgomery Circuit Court Judge Sally Greenhaw that the state should not spend proceeds from tax until the ruling of the high court.


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