Stein v. Idaho State Tax Commission

SHEPARD, Chief Justice.

This is an appeal from a summary judgment entered by the district court, which in turn was an appeal from the Idaho State Tax Commission. The sole question is the valuation of certain U. S. Treasury bonds for the purpose of state inheritance tax determination. The appellant Tax Commission contends the determination should be on the basis of the par value of the bonds, and the respondent taxpayer asserts that the district court was correct in making such determination based on the open market value.

The decedent E. Wanek Stein died testate on August 14, 1973. Among the…