Legal Opinion
Kingery v. Department of Revenue
Oregon Tax Court
Decided October 23, 1975PublishedCited by 2 opinions
1Opinion of the Court
Carlisle B. Roberts, Judge.
The plaintiff appeals from defendant’s Order No. IH 74-2, issued on April 24, 1974. The question before the court is the fair market value for inherit anee tax purposes of 4,058 shares of Chinook Investment Company common stock held by Lyle B. Kingery, deceased, on July 10, 1972, the date of death.
Chinook Investment Company is a closely held family investment corporation and the decedent owned a minority interest therein. The 4,058 shares owned by him represented approximately 14 percent of the outstanding shares of the corporation, which is not sufficient to force…
2Cases cited4 opinions
- Hopt v. UtahSupreme Court of the United States · 1887
- Drybrough v. United StatesDistrict Court, W.D. Kentucky · 1962
- In Re Estate of FrankOregon Supreme Court · 1927
- Colonial Trust Co. v. KraemerDistrict Court, D. Connecticut · 1945
3Cited by2 opinions
- Kingery v. Department of RevenueOregon Supreme Court · 1976
- Euston v. Department of RevenueOregon Tax Court · 1985