<?xml version="1.0" encoding="UTF-8"?>
<!--Sample XML file generated by XMLSpy v2007 rel. 3 sp1 (http://www.altova.com)-->
<ReturnDataState xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile " StateBusinessVersionNumber="2007v1.0" StateSpecificVersionNumber="2007,TC-65,v1.0.1,TEST">
	<FEIN>690000005</FEIN>
	<NameControl>SHOE</NameControl>
	<OriginalSubmissionID>00000000000000000000</OriginalSubmissionID>
	<BusinessEntity>
		<Header>
			<HdrAddress>
				<Address>
					<USAddress>
						<AddressLine1>5551 Elliot Rd</AddressLine1>
						<City>Salt Lake City</City>
						<State>UT</State>
						<ZIPCode>84101</ZIPCode>
					</USAddress>
				</Address>
			</HdrAddress>
			<HdrContact>
				<Officer>
					<FirstName>John</FirstName>	
					<LastName>Doe</LastName>
					<DateSigned>2007-12-31</DateSigned>
				</Officer>
				<Preparer>
					<PreparerName>Steve Smith</PreparerName>
					<FirmName>
						<BusinessNameLine1>Electronic Tax Filers Inc</BusinessNameLine1>
					</FirmName>
					<Address>
						<USAddress>
							<AddressLine1>100 Efile Drive</AddressLine1>
							<City>Anytown</City>
							<State>UT</State>
							<ZIPCode>84101</ZIPCode>
						</USAddress>
					</Address>
					<PhoneNumber>4165551212</PhoneNumber>	
					<SSN>999060007</SSN>
					<FEIN>110000011</FEIN>
					<DateSignedPrepared>2007-12-31</DateSignedPrepared>	
					<AuthorizeDiscuss>X</AuthorizeDiscuss>
				</Preparer>
			</HdrContact>
			<HdrDateField>
				<TaxableYearBeginDate>2007-01-01</TaxableYearBeginDate>
				<TaxableYearEndDate>2007-12-31</TaxableYearEndDate>
			</HdrDateField>
			<HdrIDNumber>
				<FEIN>690000005</FEIN>
			</HdrIDNumber>
			<HdrName>
				<PartnershipName>
					<BusinessNameLine1>Shoebill LTD</BusinessNameLine1>
				</PartnershipName>
			</HdrName>
			<BusinessInfo>
				<FilingEntityType>General partnership</FilingEntityType>
			</BusinessInfo>
		</Header>
		<GeneralInformation>
			<Shares>
				<NbrNonResIndMembers>4</NbrNonResIndMembers>
			</Shares>
			<StateReturnInfo>
				<NexusInState>true</NexusInState>
				<ConsolidatedFiling>true</ConsolidatedFiling>
				<DateOfRegistraion>1999-01-01</DateOfRegistraion>
			</StateReturnInfo>
		</GeneralInformation>
		<AllocationAndApportionment>
			<AandA>
				<AllNonBusinessIncome>
					<nbiTotNoBus>0</nbiTotNoBus>
				</AllNonBusinessIncome>
				<AllApportionment>
					<TotApportFraction>1.0</TotApportFraction>
					<TotApportSingleFactorFraction>3.0</TotApportSingleFactorFraction>
					<ApportionableIncome>17762467</ApportionableIncome>
					<TotApportTotPct>1.0</TotApportTotPct>
				</AllApportionment>
				<AllMiscellaneous>
					<TaxCalcUtahBusNature>Dairy Products Manufacturing</TaxCalcUtahBusNature>
				</AllMiscellaneous>
				<AllSales>
					<SalesDelOrShippedState>47291088</SalesDelOrShippedState>
					<SalesGrossReceiptsAll>47291088</SalesGrossReceiptsAll>
				</AllSales>
			</AandA>
			<StateAll>
				<AllPayroll>
					<PayPayroll>
						<InState>804722</InState>
						<Everywhere>804722</Everywhere>
						<Ratio>1.0</Ratio>
					</PayPayroll>
				</AllPayroll>
				<AllProperty>
					<TotPropEnding>
						<InState>46308294</InState>
						<Everywhere>46308294</Everywhere>
						<Ratio>1.0</Ratio>
					</TotPropEnding>
					<TotPropInventoryOwned>
						<InState>22665365</InState>
						<Everywhere>22665365</Everywhere>
					</TotPropInventoryOwned>
					<TotPropTangPersonalOwned>
						<InState>23642929</InState>
						<Everywhere>23642929</Everywhere>
					</TotPropTangPersonalOwned>
				</AllProperty>
				<AllSales>
					<SalesGrossReceiptsSum>
						<InState>47291088</InState>
						<Everywhere>47291088</Everywhere>
						<Ratio>1.0</Ratio>
					</SalesGrossReceiptsSum>
				</AllSales>
			</StateAll>
		</AllocationAndApportionment>
		<TaxDueOverpayment>
			<TaxIncome>
				<FederalTaxableIncomeSCorp>0</FederalTaxableIncomeSCorp>
				<IncomeApportionedState>17762467</IncomeApportionedState>
				<StateIncomeTax>1053847</StateIncomeTax>
				<StateTaxableIncome>15098097</StateTaxableIncome>
				<TotalTax>1053847</TotalTax>
				<TaxDueSubtotal>1053847</TaxDueSubtotal>
				<TaxableIncNonresidentComposite>17762467</TaxableIncNonresidentComposite>
				<NonResCompositeIncPctShare>100.00</NonResCompositeIncPctShare>
				<DeductionAmount>2664370</DeductionAmount>
			</TaxIncome>
			<TaxOverpayments>
				<OverpaymentAfterPenaltyAndInt>0</OverpaymentAfterPenaltyAndInt>
			</TaxOverpayments>
		</TaxDueOverpayment>
		<AttachmentLink>
			<Reference>TC8453C</Reference>
			<Description>OFFICER SIGNATURE</Description>
			<TypeAttachment>PDF</TypeAttachment>
			<LinkToAttachment>TC8453C.PDF</LinkToAttachment>
		</AttachmentLink>
		<EntityData>
			<InterestIncome>
				<FederalAmount>1771604</FederalAmount>
			</InterestIncome>
			<NetIncome>
				<AmountSubjectStateAppor>17762467</AmountSubjectStateAppor>
			</NetIncome>
			<NetIncomeLoss>
				<StateTotalAfterAdj>17762467</StateTotalAfterAdj>
			</NetIncomeLoss>
			<NetIncomeRentalRE>
				<FederalAmount>1029503</FederalAmount>
			</NetIncomeRentalRE>
			<NetSection1231Gain>
				<FederalAmount>237979</FederalAmount>
			</NetSection1231Gain>
			<OrdinaryIncome>
				<FederalAmount>12173381</FederalAmount>
			</OrdinaryIncome>
			<RoyaltyIncome>
				<FederalAmount>2550000</FederalAmount>
			</RoyaltyIncome>
			<TotalOrdinaryPlusRentalIncome>
				<FederalAmount>17762467</FederalAmount>
			</TotalOrdinaryPlusRentalIncome>
		</EntityData>
		<ShareholderPartner>
			<CompositeShareholderData>
				<NonResCompositeDistribution>
					<ShareholderNameDetails>
						<TypeOfEntity>Partnership</TypeOfEntity>
						<PersonData>
							<FirstName>David</FirstName>
							<LastName>Boxwood</LastName>
						</PersonData>
					</ShareholderNameDetails>
					<ApportionedDistIncState>4440617</ApportionedDistIncState>	
					<ShareholderSSN>000400001</ShareholderSSN>
					<StateSourceDistributiveIncome>17762467</StateSourceDistributiveIncome>
					<ShareholderPctShare>25.00</ShareholderPctShare>
				</NonResCompositeDistribution>
			</CompositeShareholderData>
		</ShareholderPartner>
		<ShareholderPartner>
			<CompositeShareholderData>
				<NonResCompositeDistribution>
					<ShareholderNameDetails>
						<TypeOfEntity>Partnership</TypeOfEntity>
						<PersonData>
							<FirstName>Joshua</FirstName>
							<LastName>Plum</LastName>
						</PersonData>
					</ShareholderNameDetails>
					<ApportionedDistIncState>4440617</ApportionedDistIncState>	
					<ShareholderSSN>000400002</ShareholderSSN>
					<ShareholderPctShare>25.00</ShareholderPctShare>
				</NonResCompositeDistribution>
			</CompositeShareholderData>
		</ShareholderPartner>
		<ShareholderPartner>
			<CompositeShareholderData>
				<NonResCompositeDistribution>
					<ShareholderNameDetails>
						<TypeOfEntity>Partnership</TypeOfEntity>
						<PersonData>
							<FirstName>Tony</FirstName>
							<LastName>Cypress</LastName>
						</PersonData>
					</ShareholderNameDetails>
					<ApportionedDistIncState>4440617</ApportionedDistIncState>	
					<ShareholderSSN>000400003</ShareholderSSN>
					<ShareholderPctShare>25.00</ShareholderPctShare>
				</NonResCompositeDistribution>
			</CompositeShareholderData>
		</ShareholderPartner>
		<ShareholderPartner>
			<CompositeShareholderData>
				<NonResCompositeDistribution>
					<ShareholderNameDetails>
						<TypeOfEntity>Partnership</TypeOfEntity>
						<BusinessData>
							<Name>
								<BusinessNameLine1>Redbird Trees</BusinessNameLine1>
							</Name>
						</BusinessData>
					</ShareholderNameDetails>
					<ApportionedDistIncState>4440616</ApportionedDistIncState>	
					<ShareholderFEIN>694000004</ShareholderFEIN>	
					<ShareholderPctShare>25.00</ShareholderPctShare>
				</NonResCompositeDistribution>
			</CompositeShareholderData>
		</ShareholderPartner>
		<ShareholderPartner>
			<ShareholderPartnerData>
				<MemberData>
					<TypeOfEntity>Limited partnership</TypeOfEntity>
					<PersonData>
						<FirstName>Joshua</FirstName>
						<LastName>Plum</LastName>
						<Address>
							<USAddress>
								<AddressLine1>2894 N 6352 S</AddressLine1>
								<City>Reno</City>
								<State>NV</State>
								<ZIPCode>89510</ZIPCode>
							</USAddress>
						</Address>
						<SSN>000400002</SSN>
					</PersonData>
				</MemberData>
				<ShareholderPctShare>25.00</ShareholderPctShare>
			</ShareholderPartnerData>
		</ShareholderPartner>
		<ShareholderPartner>
			<ShareholderPartnerData>
				<MemberData>
					<TypeOfEntity>Limited partnership</TypeOfEntity>
					<PersonData>
						<FirstName>Tony</FirstName>
						<LastName>Cypress</LastName>
						<Address>
							<USAddress>
								<AddressLine1>4810 South 19 West</AddressLine1>
								<City>San Francisco</City>
								<State>CA</State>
								<ZIPCode>94104</ZIPCode>
							</USAddress>
						</Address>
						<SSN>000400003</SSN>	
					</PersonData>
				</MemberData>
				<ShareholderPctShare>25.00</ShareholderPctShare>
			</ShareholderPartnerData>
		</ShareholderPartner>
		<ShareholderPartner>
			<ShareholderPartnerData>
				<MemberData>
					<TypeOfEntity>Limited partnership</TypeOfEntity>
					<BusinessData>
						<Name>
							<BusinessNameLine1>Redbird Trees</BusinessNameLine1>
						</Name>
						<Address>
							<USAddress>
								<AddressLine1>7272 West Truman Ave</AddressLine1>	
								<City>Sacramento</City>
								<State>CA</State>
								<ZIPCode>95813</ZIPCode>
							</USAddress>
						</Address>
						<FEIN>694000004</FEIN>
					</BusinessData>
				</MemberData>
				<ShareholderPctShare>25.00</ShareholderPctShare>
			</ShareholderPartnerData>
		</ShareholderPartner>
		<ShareholderPartner>
			<ShareholderPartnerData>
				<ShareholderName>
					<TypeOfEntity>Individual</TypeOfEntity>
					<PersonData>
						<FirstName>David</FirstName>
						<LastName>Boxwood</LastName>
						<Address>
							<USAddress>
							<AddressLine1>348 Nixon Circle</AddressLine1>
							<City>Boise</City>
							<State>ID</State>
							<ZIPCode>83708</ZIPCode>
							</USAddress>
						</Address>
						<SSN>000400001</SSN>
					</PersonData>
				</ShareholderName>
				<DateAffiliated>1999-01-01</DateAffiliated>
			</ShareholderPartnerData>
		</ShareholderPartner>
	</BusinessEntity>
</ReturnDataState>
