Harbor Food Plaza, Inc. v. State Board of Tax Commissioners

FISHER, Judge.

The Petitioner, Harbor Food Plaza, Inc. (Harbor Food), appeals the final determination of the Respondent, the State Board of Tax Commissioners (the State Board). The State Board denied Harbor Food an adjustment for abnormal obsolescence on inventory and business depreciable property reported on Harbor Food's 1991 business tangible personal property tax return.

ISSUES

The appeal raises two restated issues:

I. Whether the State Board erred in refusing to allow an abnormal obsolescence adjustment for Harbor Food's freezers.

II. Whether the State Board erred in refusing to allow an…