Legal Opinion
Property Tax Department v. Molycorp, Inc.
New Mexico Supreme Court
Decided October 27, 1976No. 11052PublishedCited by 19 opinions
1Opinion of the Court
OPINION
EASLEY, Justice.
Molycorp, Inc. (Molycorp) protested the New Mexico Property Tax Department’s (Department) 1975 valuation of certain mill equipment and machinery held or used in connection with productive mineral property. The Court of Appeals reversed the order of the director of the Department. We granted certiorari and reverse the Court of Appeals.
In 1968 Molycorp and the Department reached a compromise for that tax year as to the value of the value of the mill equipment and machinery, in which $5,000,000, representing the excess cost of the property over Molycorp’s original…
2Cases cited9 opinions
- Railroad Comm'n of Tex. v. Pullman Co.Supreme Court of the United States · 1941
- Communist Party of United States v. Subversive Activities Control Bd.Supreme Court of the United States · 1956
- City of Socorro v. CookNew Mexico Supreme Court · 1918
- Advance Schools, Inc. v. Bureau of RevenueNew Mexico Supreme Court · 1976
- Las Cruces Urban Renewal Agency v. El Paso Electric Co.New Mexico Supreme Court · 1974
4 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Shovelin v. Central New Mexico Electric Cooperative, Inc.New Mexico Supreme Court · 1993
- Champlin Exploration, Inc. v. Railroad CommissionCourt of Appeals of Texas · 1982
- Anaconda Co. v. Property Tax DepartmentNew Mexico Court of Appeals · 1979
- Kmart Corp. v. Taxation & Revenue DepartmentNew Mexico Supreme Court · 2005
- Hillman v. Health & Social Services DepartmentNew Mexico Court of Appeals · 1979
14 more not listed; retrieve them via the Exa API.