Limited Stores, Inc. v. Franchise Tax Board

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• stating that “[i]t [will] almost always [be] true that a treasury department’s revenue production will be utilized to support or enhance the company’s primary business.”
• finding that The Limited’s investment activities had a marginal rate of return of less than .1 percent, while its non-treasury activities had a margin of more than 46 percent, roughly 460 times greater

Source: CourtListener parenthetical corpus (CC0).