Legal. The Case that could cost Texas $6 Billion Legally Lingers.

AMC Movie Theater Case, the case the Comtroller estiamtes could cost Texas $6 Billion in revenue is still alive. It lives!

The 3rd Court of Appeals has sided with AMC 3 separate times. The week of August 14th, Texas filed another petition with the Texas Supreme Court for review. 

AMC keeps winning on this rational- that the cost of goods sold deduction in the franchsie tax also include operating costs for maintaining the theater auditoriums.

Law 360 | Texas Tells State Court AMC’s Tax Win Could Cost $6B