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VOL. 129 | NO. 118 | Wednesday, June 18, 2014

Equifax Goes to US Supreme Court With Tax Appeal

AP

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JACKSON, Miss. (AP) – The U.S. Supreme Court will consider June 26 whether to hear an appeal from credit bureau Equifax Inc. from what is considers an adverse tax ruling in Mississippi.

Court officials say a decision could be announced shortly after the court conference.

The appeal comes from a Mississippi Supreme Court decision in 2013 that upheld a state Department of Revenue finding.

The department examined Equifax's income and allocated some to Mississippi, ruling it owed taxes and penalties.

The decision resulted in an increase of Equifax's taxes based on revenue earned in Mississippi from zero to over $700,000, according to court documents.

The Council on State Taxation, Georgia Chamber of Commerce and The Institute for Professionals have filed "friend of the court" briefs.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 103 297 12,923
MORTGAGES 108 330 16,800
FORECLOSURE NOTICES 2 22 3,312
BUILDING PERMITS 363 525 28,219
BANKRUPTCIES 77 216 10,706
BUSINESS LICENSES 37 85 4,289
UTILITY CONNECTIONS 159 375 16,724
MARRIAGE LICENSES 20 75 3,766

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