United States:
Texas Court Of Appeals Rules Costs Of Installation Not Includible In Cost Of Goods Sold Deduction
28 April 2017
Grant Thornton LLP
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The Texas Court of Appeals, Third District recently determined
that a taxpayer was not entitled to include labor costs incurred as
part of repair work to install automotive parts on customer-owned
vehicles in its Texas Franchise Tax (TFT) cost of goods sold (COGS)
deduction. Further, the Court found that the District Court which
had previously decided the case did not have jurisdiction to
consider a related Uniform Declaratory Judgments Act claim,
including an award of attorney fees.
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