INDIANA TAX COURT
Cases Transmitted
Week of 4/11/05
Name:
The Sherman-Williams Co. v. Ind. Dept. of State Revenue
Case No. 49T10-0504-TA-00039
Date Filed: 4/15/05
Attorneys:
Larry J. Stroble, Randal J. Kaltenmark
BARNES & THORNBURG
11 South Meridian Street
Indianapolis, IN 46204
(317) 231-7248
Type of Tax: Income - Taxpayer challenges whether proper amount of ancillary
rent expenses were used in calculating property factor; whether actual gross receipts or
amount by sampling method should be subject to “high tax rate;” whether interest
should have been subtracted from taxable amount; and whether taxpayer’s working capital management
activities income should be included in sales factor.