SAN ANTONIO, TX - MARCH 6: The AT&T Communications Inc. corporate headquarters building is seen March 6, 2006 in San Antonio, Texas. AT&T announced plans to acquire BellSouth in a deal valued at approximately $67 billion. (Photo by Toby Jorrin/Getty Images)
RENO, Nev. (AP) - The Nevada Tax Commission will consider approving a nearly $27 million tax refund for AT&T after officials say the company paid sales and use taxes it didn't owe to the state.
The Reno Gazette-Journal reports state tax auditors are recommending for the commission at its meeting next week to approve the refund that will be paid to two AT&T subsidiaries.
State Tax Commission Chairman Jim DeVolld says that from October 2013 to December 2014, the company paid taxes on equipment stored in its Reno warehouse but the items were sold out of state.
DeVolld says the paid taxes were likely from an accounting mistake, and the refund is a reasonable request.
The refund will likely be paid through credits spread out over several years.
Information from: Reno Gazette-Journal, http://www.rgj.com