Fast food chain Jack in the Box Inc. must wait until at least September for a decision from the California Franchise Tax Board on its request for an exception to the rules for determining how much of its nationwide income is taxable in the state.
The three-member board voted unanimously Wednesday to defer a decision on the company’s petition to use an alternative income apportionment formula for 2014 through 2020. Jack in the Box is seeking refunds totaling $13.6 million, with its case turning on tax treatment ...
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