A NextEra Energy holding company couldn’t convince the California Office of Tax Appeals that it conducted two separate businesses, or that it should be allowed to use a special formula to calculate what portion of its business activity was conducted in the state.
A NextEra Energy holding company couldn’t convince the California Office of Tax Appeals that it conducted two separate businesses, or that it should be allowed to use a special formula to calculate what portion of its business activity was conducted … [382 chars]
Source: Bloomberg Tax News | Published: 2026-07-06T18:25:08Z
Credit: Bloomberg Tax News
