KERR-McGEE NUCLEAR v. PROPERTY TAX DIVISION

No. 3945.

625 P.2d 1202 (1980)

95 N.M. 685

KERR-McGEE NUCLEAR CORPORATION and Kerr-McGee Corporation, Appellants, v. PROPERTY TAX DIVISION OF the TAXATION AND REVENUE DEPARTMENT OF THE State of New Mexico, Appellees.

Court of Appeals of New Mexico.

Certiorari Denied May 21, 1980.


Attorney(s) appearing for the Case

Bruce D. Black, Campbell & Black, P.A., Santa Fe, for appellants.

Jeff Bingaman, Atty. Gen., Jan Unna, Taxation & Revenue Dept., Santa Fe, for appellees.


OPINION

HERNANDEZ, Judge.

Appellants, Kerr-McGee Corporation (K-M) and Kerr-McGee Nuclear Corporation (Nuclear), protested the 1978 valuation of their respective uranium mining properties and appeal the decision of the Director of the Property Tax Division of the Taxation and Revenue Department (Division). They allege four points of error:

POINT I. Since the Property Tax Code taxes only tangible personal property, the Division erred in taxing certain...

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