Tax Lawsuit Dropped Involving K-Mart And Arkansas
By: Import User
Updated: January 7, 2009
A federal judge in Chicago has dismissed
a lawsuit filed by Kmart that claimed hundreds of towns, cities and
counties nationwide overcharged the discount retailer millions of
dollars in property taxes.
Arkansas was among the states with communities named in the
court action.
Judge Jack Schmetterer ruled that Kmart failed to explain why
the U-S Bankruptcy Court would have jurisdiction in the case. But
Schmetterer left the door open for Kmart to refile the suit.
The suit was filed May fifth, the day before Kmart emerged from
15 months of bankruptcy protection. The lawsuit asked the court to
lower 2001 and 2002 tax assessments, claiming decisions by
assessors overstated the value of Kmart stores and other
facilities.
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In addition to Arkansas, states with communities named in the
suit included Alabama, Alaska, California, Colorado, Connecticut,
Georgia, Idaho, Kansas, Louisiana, Michigan, Missouri, Mississippi,
Montana, Nevada, New Mexico, North Carolina, Oklahoma, Oregon,
Rhode Island, Tennessee, Texas, Washington, Wisconsin and Wyoming
