[Download] "Southern California Edison Co. V. State Board Of Equalization" by Supreme Court Of California * eBook PDF Kindle ePub Free

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eBook details

• Title: Southern California Edison Co. V. State Board Of Equalization
• Author : Supreme Court Of California
• Release Date : January 24, 1972
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 82 KB

Description

In these consolidated actions instituted in 1966, plaintiffs Southern California Edison Company (Edison) and San Diego Gas and Electric Company (San Diego G & E) seek a partial refund of sales and use taxes paid by the utilities on purchases of various electrical equipment over the period January 1, 1956, to December 31, 1959. Although plaintiffs concede that the taxes which they initially paid in the late 1950's were accurately computed with respect to the original, agreed-upon sales prices of the equipment in question, the utilities contend that as a result of substantial payments of "voluntary price adjustments" made to them by the sellers of the electrical equipment in 1964 and 1965 -- in settlement of the utilities' antitrust actions charging the sellers with a price-fixing conspiracy -- the sales and use taxes paid to the state in the 1950's became improperly inflated. Plaintiffs claim that they are now entitled to a re-computation of their sales and use tax liability for the 1956-1959 period based upon the lower, "adjusted" sales prices of their 1956-1959 purchases. In the instant litigation, the utilities accordingly seek reimbursement of sales and use taxes paid on that portion of the original sales prices subsequently returned to them by the sellers of the equipment, a total tax refund exceeding $325,000.*fn1

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