Union Oil Co. v. State Board of Equalization

60 Cal.2d 441 (1963)

UNION OIL COMPANY OF CALIFORNIA, Plaintiff and Appellant,

v.

STATE BOARD OF EQUALIZATION, Defendant and Respondent.

Sac. No. 7356.

Supreme Court of California. In Bank.

Nov. 14, 1963.

Hart H. Spiegel and Brobeck, Phleger & Harrison for Plaintiff and Appellant.

Stanley Mosk, Attorney General, Ernest P. Goodman and John J. Klee, Jr., Deputy Attorneys General, for Defendant and Respondent.

TOBRINER, J.

In this controversy as to the application of the California use tax to an extra-state sale and leaseback of two tankers we hold that an owner of property "uses" it under the tax statute…