Not a Lexis+ subscriber? Try it out for free.

Tax Law

Pennsylvania Court Finds Wholesaler of Electricity Subject to Gross Receipts Tax

The Commonwealth Court of Pennsylvania affirmed a decision by the Board of Finance and Revenue that found American Electric Power Service Corporation (“Taxpayer”) was subject to Pennsylvania’s gross receipts tax as a wholesale seller of electricity. The Taxpayer presented two substantive arguments, both of which the Court found unconvincing. Taxpayer asserted that it was not... Continue Reading…