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On December 31, 2015, the California Supreme Court generally ruled in favor of the state's Franchise Tax Board in a major corporate tax case known as Gillette Company et al., v. Franchise Tax Board.
In its morning session on October 6, the California Supreme Court is scheduled to hear arguments in a key state tax case, Gillette Company et al., v. Franchise Tax Board.
The state's preliminary official statements for bond offerings, such as the planned March 4 general obligation bond sale, contain significant information about the state's finances, including litigation related to state revenues and spending.