(Download) "Southern Railway Company Cincinnati V." by The Supreme Court of Texas " eBook PDF Kindle ePub Free
eBook details
- Title: Southern Railway Company Cincinnati V.
- Author : The Supreme Court of Texas
- Release Date : January 10, 1984
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
This case involves a dispute between five railroads and the state Board of Equalization (Board) concerning the valuation of railroad property for ad valorem tax purposes in 1981. On an appeal of the value placed by the Board on railroad property for ad valorem taxation, the Chancery Court of Davidson County concluded that neither the Boards treatment of accumulated deferred income taxes nor the boards valuation of the cost of equity were supported by substantial and material evidence, but such evidence did support the Boards application of the imbedded debt concept. The Court of Appeals affirmed. On the two issues before this court, we affirm the holding that accumulated deferred income taxes are not a cost-free source of capital, but we find substantial and material evidence supporting the Boards valuation of the cost of equity.
 "Southern Railway Company Cincinnati V." by The Supreme Court of Texas " eBook PDF Kindle ePub Free){kind=link}