LOCKHEED AIRCRAFT CORP. v. COUNTY OF L.A.

Docket No. 25764.

207 Cal.App.2d 119 (1962)

24 Cal. Rptr. 316

LOCKHEED AIRCRAFT CORPORATION, Plaintiff and Respondent, v. COUNTY OF LOS ANGELES et al., Defendants and Appellants.

Court of Appeals of California, Second District, Division Three.

August 24, 1962.


Attorney(s) appearing for the Case

Harold W. Kennedy, County Counsel, John D. Cahill and A.R. Early, Deputy County Counsel, for Defendants and Appellants.

O'Melveny & Myers, Bennett W. Priest and Richard B. Ragland for Plaintiff and Respondent.


FILES, J.

This is an appeal from a judgment awarding to plaintiff $272,053.61 plus interest as a refund of personal property taxes for the year 1954. The contested tax was based upon the value which the county assessor placed upon the plaintiff's work-in-process inventory.

The evidentiary facts are not in dispute. On the assessment date, March 1, 1954, plaintiff was engaging in the business of manufacturing the series of commercial airplanes known as Constellations...

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