Penn Casino, COST Ask Indiana Justices to Eye Income Tax Case

The Indiana Supreme Court should review a case over which taxes paid to other states must be added back to arrive at a company’s in-state tax base, Penn Entertainment Inc. argued in a petition for review.

When calculating adjusted gross income, Indiana’s add-back provision requires Indiana businesses to add deductions allowed by federal law for taxes measured by income paid to other states. The casino operator wants the high court to reverse a tax court opinion holding that gambling taxes it paid to 10 states that are measured based on gross receipts or revenue fall under the provision.

The Indiana ...