November 25, 2009

ITC HOLDINGS: ITCTransmission May Face More Sales Tax in Mich.

COMPANIES: ITC Holdings Corp
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The Michigan Department of Treasury, based on a Notice of Preliminary Audit Determination, will likely deny the exemption claims and assess additional sales and use tax against ITCTransmission, on top of a sales and use tax audit of ITCTransmission for…

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TOPICS: Earnings | Legal Issues, Litigation | Loans & Financing | Power Producers/Utilities | SEC-Qtrly, Annual Reports | Securities & Exch Comm, US
LOCATIONS: Michigan | United States