Legal Opinion
Hansord Agency, Inc. v. Commissioner of Taxation
Supreme Court of Minnesota
Decided July 28, 1972No. 43157PublishedCited by 5 opinions
1Opinion of the Court
Otis, Justice.
The question raised by relator is whether rental paid after the effective date of the Tax Reform and Relief Act of 1967, Ex. Sess. L. 1967, c. 32, on leases entered prior to that date, is taxable under Minn. St. 1969, §§ 297A.01, subd. 3 (a), and 297A.02. The Tax Court held such rental to be taxable, and we reverse.
The facts are undisputed. Before August 1, 1967, relator, Hansord Agency, Inc., the taxpayer, executed 310 long-term motor vehicle leases. The rental was payable in monthly installments. The leases recited the full consideration of the aggregate monthly payments as…
2Cases cited2 opinions
- Gandy v. StateWashington Supreme Court · 1961
- Broadacre Dairies, Inc. v. EvansTennessee Supreme Court · 1952
3Cited by5 opinions
- Crown Iron Works Co. v. Commissioner of TaxationSupreme Court of Minnesota · 1974
- United States Steel Corp. v. Commissioner of TaxationSupreme Court of Minnesota · 1975
- Zayre Leasing Corp. v. State Tax CommissionMassachusetts Supreme Judicial Court · 1974
- Informatics, Inc. v. LindleyOhio Court of Appeals · 1985
- United States Steel Corp. v. Commissioner of TaxationSupreme Court of Minnesota · 1975