KENTUCKY TAX COMMISSION v. AIRLENE GAS COMPANY


328 S.W.2d 832 (1959)

KENTUCKY TAX COMMISSION, etc., Appellant, v. AIRLENE GAS COMPANY, a Kentucky Corporation, Appellee. and KENTUCKY TAX COMMISSION, etc., Appellant, v. AIRLENE GAS COMPANY, a Tennessee Corporation, Appellee.

Court of Appeals of Kentucky.

Rehearing Denied December 4, 1959.


Attorney(s) appearing for the Case

William S. Riley, Atty., Dept. of Revenue, Frankfort, Jo M. Ferguson, Atty., Gen., Hal O. Williams, Asst. Atty. Gen., for appellant.

Earle T. Shoup, Ralph H. Schuette, Paducah, for appellees.


MOREMEN, Chief Justice.

The above-styled cases have been consolidated. They present a controversy between the Kentucky Tax Commission and the appellee corporations which arose after the corporations reported in certain years their accounts receivable for ad valorem tax purposes at a lower valuation than the accounts were reported for corporate income tax purposes.

KRS 132.240 provides that corporations listing property for taxation with the county tax commissioner...

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