Legal Opinion
International Minerals & Chemical Corp. (IMC) v. Property Appraisal Department
New Mexico Court of Appeals
Decided December 3, 1971No. 670PublishedCited by 4 opinions
1Opinion of the Court
OPINION
WOOD, Chief Judge.
This appeal concerns the valuation for ad valorem tax purposes of a portion of the potash products of IMC (International Minerals & Chemical Corporation). ’ The dispute as to the valuation arose because of a formula used in arriving at the valuation. The specific issues are: (1) was the production involved subject to valuation for tax purposes under § 72-6-7.1, N.M. S.A. 1953 (Repl.Vol. 10, pt. 2, Supp.1971); (2) was the formula a method in general use under § 72-25-5, N.M.S.A.1953 (Repl. Vol. 10, pt. 2, Supp.1971); (3) was the formula a regulation under § 72-25-6,…
2Cases cited6 opinions
- Commissioner v. P. G. Lake, Inc.Supreme Court of the United States · 1958
- Alabama By-Products Corporation v. George D. Patterson, District Director of Internal RevenueCourt of Appeals for the Fifth Circuit · 1958
- Board of Education v. State Board of EducationNew Mexico Court of Appeals · 1968
- Kaiser Steel Corp. v. Property Appraisal DepartmentNew Mexico Court of Appeals · 1971
- Albuquerque National Bank v. Commissioner of RevenueNew Mexico Court of Appeals · 1970
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Santa Fe Pacific Railroad v. Property Tax DepartmentNew Mexico Court of Appeals · 1976
- International Minerals & Chemical Corp. (IMC) v. Property Appraisal DepartmentNew Mexico Supreme Court · 1972
- Ortiz v. Ortiz & Torres Dri-Wall CompanyNew Mexico Court of Appeals · 1972
- Ortiz v. Ortiz & Torres Dri-Wall CompanyNew Mexico Court of Appeals · 1972