KENTUCKY DEPARTMENT OF REVENUE v. BOMAR


486 S.W.2d 532 (1972)

KENTUCKY DEPARTMENT OF REVENUE, Appellant, v. Mrs. Boise S. BOMAR, Appellee.

Court of Appeals of Kentucky.

October 20, 1972.


Attorney(s) appearing for the Case

William S. Riley, Asst. Atty. Gen., William F. Gadd, Department of Revenue, Frankfort, for appellant.

Thomas B. Benham, Hatcher, Meyerson, Oxford & Irwin, Atlanta, Ga., F. Preston Farmer, Hamm, Taylor, Milby & Farmer, London, for appellee.


STEINFELD, Chief Justice.

The question to be decided in this litigation is whether the appellee Mrs. Boise S. Bomar is liable to Kentucky for ad valorem taxes on the corpus of a trust located in Georgia. The circuit court held that she was not liable, but we reverse.

In 1939 Mrs. Bomar, a Kentucky resident, entered into a trust agreement with an Atlanta, Georgia bank pursuant to which she delivered to the bank as trustee intangibles, principally common stocks...

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