Montgomery, AL – A ruling by the Alabama Supreme Court could mean the state will be able to collect as much as $34 million from the Kimberly-Clark Corp. and its Kimberly-Clark Worldwide subsidiary.
The court on Friday reversed a 2008 ruling by the Alabama Court of Criminal Appeals that said the companies did not owe the state all the tax money from the sale of their Coosa Mill paper mill in Coosa Pines and 375,000 acres of timber land that supplied the mill.
The Supreme Court agreed with the state Department of Revenue's argument that the income from the sale should be classified as ``non-business income'' for tax purposes. That means Alabama would not have to share tax money from the sale with other states.
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