Katie Friel, a partner in the New Orleans office, published an article entitled “‘Polychim’ Puts Louisiana Corporate Franchise Tax Against the Ropes,” in the July 17, 2015 edition of Bloomberg BNA’s Daily Tax Report. In the article, Katie examines the Louisiana First Circuit Court of Appeal’s new ruling in Bridges v. Polychim USA, Inc., rejecting—as it did previously in UTELCOM, Inc. v. Bridges—a Louisiana Department of Revenue attempt to impose Louisiana corporation franchise tax on an out-of-state corporation based on interests it holds in a pass-through entity conducting business in the state.
Katie also discusses the impact of Polychim in her blog post, First Circuit Declines Second Bite at Utelcom Apple. The Department’s request for rehearing was denied on June 24, 2015.
