Legal Opinion
Don Meadows Motors, Inc. v. State, Board of Tax Commissioners
Indiana Tax Court
Decided January 14, 1988No. 71T05-8611-TA-00047PublishedCited by 6 opinions
1Opinion of the Court
FISHER, Judge.
The taxpayer appeals a final determination of the State Board of Tax Commissioners in which the State Board denied the taxpayer's claim for an adjustment for abnormal obsolescence in determining the true cash value of inventory.
The taxpayer bases its claim for abnormal obsolescence adjustment on 50 IAC 4.1-7-1(C), which provides in pertinent part:
[Abnormal obsolescence] includes unforeseen changes in market values, exceptional technological obsolescence or destruction by catastrophe that has a direct effect upon the value of the personal property of the taxpayer at the tax situs…
2Cases cited4 opinions
- Higgins v. HaleIndiana Supreme Court · 1985
- WOERNER, ETC. v. City of IndianapolisIndiana Supreme Court · 1961
- TOWN OF HOMECROFT v. MacBethIndiana Supreme Court · 1958
- Empire Gas of Rochester, Inc. v. StateIndiana Court of Appeals · 1985
3Cited by6 opinions
- Johnson County Farm Bureau Cooperative Ass'n v. Indiana Department of State RevenueIndiana Tax Court · 1991
- Rogers v. State Board of Tax CommissionersIndiana Tax Court · 1991
- First National Leasing v. Indiana Department of State RevenueIndiana Tax Court · 1992
- Lincoln Hills Development Corp. v. Indiana State Board of Tax CommissionersIndiana Tax Court · 1988
- Don Medow Motors, Inc. v. Indiana State Board of Tax CommissionersIndiana Tax Court · 1989
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