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TPL owes $300,000 in taxes, court rules.(Business)
Byline: Barry Massey The Associated Press
SANTA FE An Albuquerque company owes the state about $300,000 in back taxes and interest on federal contracts to dismantle Army munitions, the state Court of Appeals has ruled.
In a 3-0 decision, the court upheld a tax assessment by the Taxation and Revenue Department against TPL, Inc. for contracts of worth about $2.9 million with the government between 1992 and 1997.
The company dismantled surplus armor-piercing shells, flares and propellant for the Army, and then recycled or disposed of the materials after rendering them safe.
Steve Sallot, chief financial officer of TPL, said Wednesday the …
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