Cherry River National Bank v. Lorenson

NEELY, Justice:

In 1988, appellant Tax Assessor for Nicholas County requested that the appellee banks1 supply him with information about the tangible personal property owned by them for the purpose of separate assessment and taxation of that property as Class IV property.2 In January 1989 each bank returned the requested form under protest. After the assessor refused the protest, the assessor and the Banks requested a ruling from the appellant tax commissioner.3 On 28 February 1989 the tax commissioner issued taxability ruling 89-5, which said that bank personal property was taxable as *284Class…