Altria Owed $9.2M Tax Refund For Oregon Punitive Damages Payment, Judge Rules

Mealey's (February 7, 2022, 11:53 AM EST) -- RICHMOND, Va. — A Virginia federal judge on Jan. 19 ruled that Altria Group Inc. is entitled to a more than $9.2 million tax refund from the federal government in view of a punitive damages award it was ordered to pay on behalf of its subsidiary Philip Morris USA Inc. (PM USA) to the state of Oregon under Oregon’s split recovery statute after losing a wrongful death lawsuit....