Coastal States Crude Gathering Co. v. State Property Tax Board

CARROLL, Justice.

Coastal States appeals from a take-nothing judgment rendered against it in the trial court. The company had sought a declaratory judgment that it was not required to pay property taxes on certain petroleum product pipelines. We will reverse the judgment of the trial court and here render judgment favoring appellant.

BACKGROUND

This is a property tax case. The parties agree on the facts; the only question is whether certain intangible property is taxable under Tex.Tax Code Ann. Chapter 24 (1982).

At the time pertinent to this lawsuit, appellant owned three pipeline systems. The…