California Court of Appeal

A municipality may not levy taxes on a limited liability company (LLC) wholly owned by a financial corporation, where the income of the LLC has been included in the income of the parent financial corporation and subjected to the higher income tax rate imposed on financial corporation in lieu of other taxes.

Appellate Information

• Decided 08/09/2004
• Published 08/09/2004

Judges

• GRIGNON, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• Rockard J. Delgadillo, City Attorney, Claudia McGee Henry, Senior Assistant City Attorney, Noreen Vincent, Assistant City Attorney, Kim Rodgers Westhoff and Miguel A. Dager, Deputy City Attorneys, for Plaintiff and Appellant.


• For Appellees:
  
• Sheppard, Mullin, Richter & Hampton and James F. McShane, Century City, for Defendant and Respondent.