STEPHENSON SCHOOL SUPPLY CO. v. COUNTY OF LANCASTER

Nos. 34968, 34969.

110 N.W.2d 41 (1961)

172 Neb. 453

STEPHENSON SCHOOL SUPPLY CO., a partnership, Appellant, v. COUNTY OF LANCASTER, Lancaster County Board of Equalization and Arthur M. Davis, Assessor of said County, Appellees Peter Kiewit Sons', Amici Curiæ. UNIVERSITY PUBLISHING COMPANY, a Nebraska corporation, Appellant, v. COUNTY OF LANCASTER, Lancaster County Board of Equalization and Arthur M. Davis, Assessor of said County, Appellees Peter Kiewit Sons', Amici Curiae.

Supreme Court of Nebraska.

June 30, 1961.


Attorney(s) appearing for the Case

Cline, Williams, Wright, Johnson, Oldfather & Thompson, Charles E. Wright, Lincoln, for appellant.

Paul Douglas, William D. Blue, Bernard Wishnow, Lincoln, for appellees.

Fraser, Wenstrand, Stryker, Marshall & Veach, Omaha, Tracy J. Peycke, Omaha, for Peter Kiewit Sons'.

Heard before SIMMONS, C. J., and CARTER, MESSMORE, YEAGER, SPENCER, BOSLAUGH, and BROWER, JJ.


BROWER, Justice.

These two cases were consolidated for trial in the district court by agreement of the parties and, by like stipulation in this court, were briefed and tried together. They involve the same two questions. The first is whether in listing book accounts for taxation under sections 77-701 to 77-732, R.R.S.1943, a taxpayer may deduct therefrom the amount of its accounts payable, and secondly, whether book accounts owed by the state or its subdivisions and...

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