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The Pennsylvania Supreme Court handed a victory to the Philadelphia Eagles by ruling that only 50 percent of the team's share of revenues derived from the National Football League's TV network contracts may be subject to Philadelphia's Business Privilege Tax. The ruling could have a substantial impact on taxpayers domiciled in Philadelphia who receive significant royalty income.
May 16, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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