KAISER STEEL CORP. v. REVENUE DIVISION

No. 4495.

628 P.2d 687 (1981)

96 N.M. 117

KAISER STEEL CORPORATION, Appellant, v. REVENUE DIVISION, TAXATION AND REVENUE DEPARTMENT, State of New Mexico, Appellee.

Court of Appeals of New Mexico.

Certiorari Denied May 6, 1981.


Attorney(s) appearing for the Case

Irwin S. Moise, Norman S. Thayer, Sutin, Thayer & Browne, Albuquerque, for appellant.

Jeff Bingaman, Atty. Gen., Edward F. Barnicle, Jr., Richard M. Kopel, Asst. Attys. Gen., Santa Fe, for appellee.


OPINION

ANDREWS, Judge.

This appeal brought pursuant to the Tax Administration Act [§ 7-1-1 et seq., N.M.S.A. 1978], involves a question of the applicability of the compensating tax deduction authorized by § 7-9-77, N.M.S.A. 1978.

Kaiser Steel Corporation (Kaiser) operates a coal mine in Colfax County, New Mexico, for which it acquired certain pieces of mining equipment, including a "dragline" and "continuous miner," the taxable value of...

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