UNION PACIFIC RAILROAD COMPANY v. HECKERS

No. 25409.

509 P.2d 1255 (1973)

UNION PACIFIC RAILROAD COMPANY, a Utah corporation, Plaintiff-Appellant, v. John H. HECKERS, The Director of Revenue, Now known as the Executive Director of the Department of Revenue, Defendant-Appellee.

Supreme Court of Colorado, En Banc.

Rehearing Denied May 29, 1973.


Attorney(s) appearing for the Case

Gorsuch, Kirgis, Campbell, Walker & Grover, James H. Turner, Stephen A. Weinstein, E. Shannon Jennings, Knowles, Hopper & Molen, Clayton D. Knowles, Denver, Daniel S. Morrison, of the New York Bar, New York City, for plaintiff-appellant.

Duke W. Dunbar, Atty. Gen., John P. Moore, John E. Bush, Deputy Attys. Gen., Bernard S. Kamine, Asst. Atty. Gen., Denver, for defendant-appellee.


GROVES, Justice.

This case concerns the amount of Colorado state income tax payable by the Union Pacific Railroad Company for the year 1965. The issues relate to the proper method of deduction of ad valorem and other taxes paid by Union Pacific in the computation of its net income derived from Colorado sources. The Colorado Director of Revenue (herein called director) made a determination that Union Pacific owed an additional sum of $24,361.36, including interest...

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