Dunn v. Oklahoma Tax Commission

BARNES, Justice:

This is an appeal from an Order of the Oklahoma Tax Commission denying a protest to the assessment of additional gift taxes for the calendar year 1972. Appellants, Wilbur L. Dunn and Virginia F. Dunn, will be referred to as “donors-taxpayers”. The Oklahoma Tax Commission will hereinafter be referred to as the “Commission”.

The question presented is: Does 68 O.S. 1971, § 901(f), exclude, as an item of reduction in value, the amount of gift tax liability assumed by the donee?

The undisputed facts, most of which were stipulated to by the parties, are as follows. On December 7,…