Untitled Texas Attorney General Opinion

THE ATTORXE~ ~~TExAs The Honorable Henry Wade Opinion No. H- 124 District Attorney Dallas County Re: Applicability of Article Dallas County Government Center 7166, Vernon’s Texas Dallas, Texas 75202 Civil Statutes, to real estate owned by a bank’s Dear Mr. Wade: subsidiary You have asked our opinion as to whether the value of real estate owned by a subeidiary of a bank or held in trust for a bank may be deducted. from the value of the bank’s shares of stock for ad valorem tax purposes under Article 7166, Vernon’s Texas Civil Statutes. Your questions are: “1. May a deduction from the amount of…