In re Assessment of Taxes Wailuku Sugar Co.

OPINION OP THE COURT BY

PERRY, J.

(ROBERTSON, C.J., DISSENTING IN WAILUKU SUGAR COMPANY CASE).

These are appeals from decisions of tax appeal courts fixing the valuations of the property of the two corporations named as “enterprises for profit” for taxation purposes as of January 1, 1912. In the case of the Wailuku Sugar Company the property was returned at $3,250,000 and assessed at $4,250,000. The taxpayer thereupon accepted a valuation of $3,500,000 appealing as to the excess and the tax appeal court fixed a valuation of $4,250,000. The taxpayer expresses in this court, as it did in the tax…