Legal Opinion
Board of Equalization v. First Security Leasing Co.
Utah Supreme Court
Decided August 31, 1994No. 930229PublishedCited by 5 opinions
1Opinion of the Court
STEWART, Associate Chief Justice:
This case is before this Court on a petition to review a decision of the Utah State Tax Commission. The Commission held that the Salt Lake County Assessor could not assess First Security Leasing Company (FSLC) personal property tax on equipment that FSLC sold to others and was subject to security interests, in the form of a lease, in favor of FSLC. The Commission ruled that FSLC was a secured creditor, not the owner of the equipment, for the purpose of assess- mg personal property taxes under Utah Code Ann. § 59-2-303(1). We affirm.
Section 59-2-303(1) requires…
2Cases cited8 opinions
- Acton v. DeliranUtah Supreme Court · 1987
- County of Sacramento v. Assessment Appeals Board No. 2California Court of Appeal · 1973
- Adams v. Board of Review of Indus. Com'nCourt of Appeals of Utah · 1991
- Salt Lake Citizens Congress v. Mountain States Telephone & Telegraph Co.Utah Supreme Court · 1992
- Hoover Equipment Co. v. Board of Tax Roll Corrections of Adair CountySupreme Court of Oklahoma · 1967
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3Cited by5 opinions
- Kimco Leasing, Inc. v. State Board of Tax CommissionersIndiana Tax Court · 1995
- Matrix Funding Corp. v. Utah State Tax CommissionUtah Supreme Court · 2002
- Yeargin, Inc. v. Tax CommissionCourt of Appeals of Utah · 1999
- In Re the Marriage of GormanColorado Court of Appeals · 2001
- First Guaranty Bank v. Pioneer Health Services, InCourt of Appeals for the Fifth Circuit · 2018