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Backstrom, McLoughlin, and Hennen Publish Article on Autozone Case
June 23, 2005

Tax attorneys, Bill Backstrom, Mike McLoughlin and Mark Hennen, co-authored the article, "Nonresident REIT Shareholder Held to Be Subject to Louisiana Tax," that was published in the June 6, 2005, issue of State Tax Notes. The article addresses Bridges v. Autozone Properties, Inc., No 2004-C-814 (La. Mar. 24, 2005 ), a recent Louisiana Supreme Court decision holding that Louisiana has personal jurisdiction over, and can impose an income tax upon, a nonresident shareholder based solely on the ownership of stock in an entity that operates in Louisiana. The case has far-reaching implications for anyone holding shares in a company doing business in Louisiana.