Taxing situation. (Omega Tube and Conduit files suit against Pulaski County, Arkansas, on tax assessment of raw materials)

From: Arkansas Business | Date: August 13, 1990| Author: Waldon, George | Copyright information

Taxing Situation

Stephen Glover was momentarily perplexed when he prepared the 1989 property tax assessment for Omega Tube and Conduit's Little Rock operation. Why were the numbers for 1988 and 1989 so different? Glover, who had taken over as company controller a few weeks earlier, couldn't account for the $52,000 gap until he took a closer look at how his predecessor had done things.

"In my prior working experience, I've never assessed raw materials, and that's ...

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