We successfully litigated the J.C. Penney National Bank case, which was the first case to directly challenge on Commerce Clause grounds the application of the financial institution tax (an income tax) to out-of-state banks having no physical presence in Tennessee.
J.C. Penney Company Inc. (NYSE: JCP) operates a chain of department stores throughout the U.S.
We successfully litigated the J.C. Penney National Bank case, which was the first case to directly challenge on Commerce Clause grounds the application of the financial institution tax (an income tax) to out-of-state banks having no physical presence in Tennessee.
J.C. Penney Company Inc. (NYSE: JCP) operates a chain of department stores throughout the U.S.