Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the case of IN RE ALLCAT CLAIMS SERVICE, L.P. AND JOHN WEAKLY, RELATORS, decided by the Texas Supreme Court, the attorneys for Allcat Claims

In the case ofIN RE ALLCAT CLAIMS SERVICE, L.P. AND JOHN WEAKLY, RELATORS,decided by the Texas Supreme Court, the attorneys for Allcat Claims Service, L.P. made a number of legal arguments to support their case.One of these arguments was:

a.The Texas Income Tax violated the Texas Constitution.

b.The Texas Sales Tax violated the Bullock Amendment.

c.None of the other choices are correct.

d.The Texas Franchise Tax violated the Bullock Amendment.

e.The Texas Franchise Tax violated the United States Constitution.

In the case ofIN RE ALLCAT CLAIMS SERVICE, L.P. AND JOHN WEAKLY, RELATORS,decided by the Texas Supreme Court, the court made a number of legal conclusions.One of these conclusions was:

a.The Texas Sales Tax does not result in taxation of individual partners of a limited partnership because Texas state law is based on the entity concept.

b.None of the other choices are correct.

c.The Texas Income Tax does not result in taxation of individual partners of a limited partnership because Texas state law is based on the aggregate concept.

d.The Texas Franchise Tax does result in taxation of individual partners of a limited partnership because Texas state law is based on the aggregate concept.

e.The Texas Franchise Tax does not result in taxation of individual partners of a limited partnership because Texas state law is based on the entity concept.

In the case ofIN RE ALLCAT CLAIMS SERVICE, L.P. AND JOHN WEAKLY, RELATORS,decided by the Texas Supreme Court, the court made a number of legal conclusions.One of these conclusions was:

a.Texas state law is based on the aggregate concept of partnerships, but Texas state law views limited partnerships like Allcat Claims Service L.P. under the entity concept.

b.None of the other choices are correct

c.Texas state law is based on the aggregate concept of partnerships, whereas the federal income tax law is based on the entity concept of partnerships.

d.Texas state law is based on the entity concept of partnerships, whereas the federal income tax law is based on the aggregate concept of partnerships.

e.Texas state law is based on the entity concept of partnerships, but Texas state law views limited partnerships like Allcat Claims Service L.P. under the aggregate concept.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Criminal Law Cases And Materials

Authors: Joshua Dressler, Stephen Garvey

9th Edition

1647087708, 978-1647087708

More Books

Students also viewed these Law questions

Question

What is LATA? What are intra-LATA and inter-LATA services?

Answered: 1 week ago