ASARCO Inc. v. Idaho Tax Comm'n, 458 U.S. 307 (1982), was a United States Supreme Court case in which the Court held that, in a state's calculation of income tax for a corporation from another state, the state cannot include income from the intangible assets of subsidiary corporations that have on connection with the state.[1][2]
| ASARCO Inc. v. Idaho Tax Comm'n | |
|---|---|
 | |
| Decided June 29, 1982 | |
| Full case name | ASARCO Inc. v. Idaho Tax Comm'n |
| Citations | 458 U.S. 307 (more) |
| Holding | |
| In a state's calculation of income tax for a corporation from another state, the state cannot include income from the intangible assets of subsidiary corporations that have on connection with the state. | |
| Court membership | |
| |
| Case opinions | |
| Majority | Powell |
| Concurrence | Burger |
| Dissent | O'Connor, joined by Blackmun, Rehnquist |
References
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edit- Text of ASARCO Inc. v. Idaho Tax Comm'n, 458 U.S. 307 (1982) is available from: Cornell Findlaw Justia
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