(Download) "Denver National Bank v. State Comm. of Revenue & Tax" by Supreme Court of Kansas * Book PDF Kindle ePub Free
eBook details
- Title: Denver National Bank v. State Comm. of Revenue & Tax
- Author : Supreme Court of Kansas
- Release Date : January 06, 1954
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
The opinion of the court was delivered by This is an appeal from a judgment of the district court
reversing an order of the commission of revenue and taxation
sustaining a previous order of the director of revenue assessing
inheritance tax on certain working interests in oil and gas
properties in Kansas owned by a resident of Denver at the time of
his death. The case was tried on an agreed statement of facts. It was
agreed that the owner of the property died testate in Denver and
owned a gross estate in Kansas of $112,977.20 and certain
percentages of working interests in producing oil and gas leases
appraised at $96,029.26; that the director had determined a tax
was due of $2,242.87; that such tax had been paid; that an
application for abatement and refund had been denied; that should
the working interests in the oil and gas leases owned by decedent
at the time of his death be excluded from the inheritance tax
computations, the total tax due would amount to $1,028.24; that
Kansas and Colorado were reciprocal states; that the interests in
the oil and gas leases in Kansas had been held to be taxable in
Colorado and such tax had been paid; that the working interests
in the oil and gas leases owned by decedent at the time of his
death were operated by him through his office in Denver.