BAKER PROD. CR. ASS'N v. STATE TAX COMMISSION


245 Or. 352 (1966)

421 P.2d 984

BAKER PRODUCTION CREDIT ASSOCIATION v. STATE TAX COMMISSION

Supreme Court of Oregon.

Affirmed December 30, 1966.


Attorney(s) appearing for the Case

Ralph R. Bailey and Frank E. Magee, Portland, argued the cause for appellant. On the brief were Ralph R. Bailey and Morrison & Bailey, Portland.

Gerald F. Bartz, Assistant Attorney General, Salem, argued the cause for respondent. With him on the brief were Robert Y. Thornton, Attorney General and Carlisle B. Roberts, Assistant Attorney General, Salem.

Before McALLISTER, Chief Justice, and PERRY, SLOAN, O'CONNELL, GOODWIN, DENECKE and HOLMAN, Justices.


AFFIRMED.

PER CURIAM.

Plaintiff appeals from a decree of the Oregon Tax Court which sustained an order of the defendant tax commission disallowing plaintiff's deductions for additions to its bad debt reserves for the years 1958-1961.

We affirm the decree of the Oregon Tax Court and adopt its opinion, which was reported in 2 OTC 205 (1965), and which reads as follows:

"These suits, which have been consolidated for decision, are for refunds of...

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