Henderson Bridge Co. v. Commonwealth
Court of Appeals of Kentucky
*Case 89 — PETITION ORDINARY APPEAL PROM ERANKLIN CIRCUIT COURT. 1. The method of assessment adopted by the Board of Valuation and Assessment is not in accordance with either the letter or spirit of the third article of the chapter on revenue and taxation providing for the taxation of franchises.
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*Case 89 — PETITION ORDINARY APPEAL PROM ERANKLIN CIRCUIT COURT. 1. The method of assessment adopted by the Board of Valuation and Assessment is not in accordance with either the letter or spirit of the third article of the chapter on revenue and taxation providing for the taxation of franchises. The legislature evidently intended to arrive at the value of the stock in the limited sense of the word, and in the event that that value exceeded the assessed value of the tangible property, the difference should be set down as the value of the franchise. The legislature intended to tax only that…
1Opinion of the Court
JUDGE GRACE
delivered the opinion oe the court.
This was an action filed in the Franklin Circuit Court by the Commonwealth of Kentucky, again-st the Henderson Bridge Company seeking to recover of defendant the sum of $3,675.91, the amount of taxes claimed to be due- and payable to the State by said company on its franchise, as a corporation, created by the laws of Kentucky, its property being located in the State of Kentucky, for and during the year 1894. Under a valuation and assessment made by the board of valuation and assessment by the auditor, secretary of state and treasurer, as…
2Cases cited2 opinions
- California v. Central Pacific RailroadSupreme Court of the United States · 1888
- Williams v. . Western Union Telegraph Co.New York Court of Appeals · 1883
3Cited by49 opinions
- Hecht v. MalleySupreme Court of the United States · 1924
- Hecht v. MalleySupreme Court of the United States · 1924
- Henderson Bridge Co. v. KentuckySupreme Court of the United States · 1897
- Adams Express Co. v. KentuckySupreme Court of the United States · 1897
- Bank of Kentucky v. StoneU.S. Circuit Court for the District of Kentucky · 1898
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