STATE v. NEVADA POWER CO.

No. 4678.

390 P.2d 50 (1964)

The STATE of Nevada, The Nevada Tax Commission; The County of Clark; and the County of Nye, Political Subdivisions of the State of Nevada; W.W. Galloway, Treasurer and Ex-Officio Tax Receiver of the County of Clark and Eudora V. Murphy, Treasurer and Ex-Officio Tax Receiver of the County of Nye, Appellants, v. NEVADA POWER COMPANY, a Corporation, Respondent.

Supreme Court of Nevada.

March 12, 1964.


Attorney(s) appearing for the Case

Harvey Dickerson, Atty. Gen., Carson City, Eli Grubic, Sp. Deputy Atty. Gen., Reno, for appellants.

V. Gray Gubler, Las Vegas, Best, Best & Krieger, Riverside, Cal., for respondent.


THOMPSON, Justice.

The appeal requires us to decide whether the application of the formula used by the Nevada Tax Commission to measure the value of public utility franchises for ad valorem tax purposes is constitutionally permissible.1 We hold that it is not and affirm the judgment entered below.

The case was presented on an agreed statement of facts. It reads:

"IT IS HEREBY STIPULATED AND AGREED by and between...

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