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.