Taxpayer Victory In American-Multi Cinema
February 27, 2018
On January 6, 2017, the Austin Court of Appeals denied the Texas Comptroller’s Motion for Rehearing in American Multi-Cinema, Inc. v. Hegar. The Court’s opinion can be found here. Ryan Law’s Doug Sigel has handled this case at the trial and appellate level. The Court of Appeals ruled in favor of the taxpayer on the issue of whether cost-of-goods sold deduction under the Texas margin tax applies to movie theatre exhibition costs. The opinion on rehearing changes the reasoning of the Court, but not the result.