We invite you to read all of our articles from May 2013 here on our website, or read each article by clicking on the title. If you prefer, you may also view a printable PDF version.

• California FTB Takes Harley-Davidson for a Ride: Securitization Subsidiaries Are Financial Corporations with Nexus in California
  The California Superior Court ruled that certain special purpose entities (SPEs) owned by Harley-Davidson, Inc. had nexus in California.
• California Court of Appeal Lends Judicial Support for Declining Term of Possessory Interests and for Authoritativeness of Assessors’ Handbooks
  The California Court of Appeal ruled that the County of Los Angeles illegally assessed the possessory interest of the lessee of a building owned by the California State Teachers’ Retirement System.
• SALT Pet of the Month: Tessa
  Meet Tessa, the cuddly Shih Tzu of Sutherland SALT’s Tim Gustafson and his wife, Emily.
• “Tut-Tut,” Long Beach: California Supreme Court Permits Taxpayers to File Class Action Suit to Recover Telephone User Taxes
  The California Supreme Court held that taxpayers may file a class action lawsuit to claim a refund of local telephone user taxes paid to the City of Long Beach.
• Enterprise Portfolio Management: The Next Generation of New York Nontaxable Products
  The New York State Department of Taxation and Finance has determined that a financial services firm is not subject to the New York State sales and use tax because the product being sold by the taxpayer constitutes a single, integrated, nontaxable service.
• MTC Three-Factor Election Falls Flat in Texas
  A Texas administrative law judge ruled that a taxpayer was not entitled to make an alternative three-factor apportionment election under Article IV of the Multistate Tax Compact for Texas franchise tax purposes.