Untitled Texas Attorney General Opinion ( 1945 )


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    OFFICE             OF     THE     ATTORNEY              GENERAL                  OF   TEXAS
    AUSTIN
    GROVERSELLERS
    ATTOINLYGLNCRAL
    Eqaorrblr             Purt          Ouian
    Oowty         Attoruy
    El     ?a80  uowty
    El     raao,  mur
    us     h4ro       roo8i*r                                          ooaorrrlrrg      the
    r nSt!lO
    o fd
    lr r r r eiy                                                                    80id
    0loar          oporat   -
    lag    ug4.r         the pro71                                                       rired      Oivllmat-
    utrr    of     TIx88,            tar                                                valoror      tusr.
    t    to tmtloa   for
    the proolrloar of
    m lrrooldloa                   do-
    -11,  lm tbr                  eitr
    tad,         ruder     itr
    0 ths         tu    &88#88or
    ld     la the iollorimg
    f    ita       offlo*         fur8ltura
    b)     vduo ot all
    Ohs
    to rhloh rwh ~80.
    ) ths trltu of It8 a8-
    of    an uou8t        roprosemt-
    ooountr          payable ~4
    sush lrosl~tioaj                     ( 8)
    book        ral          0r the ah4r.l                orrtruadi8g              and
    tbs .8#3iLd            v,clueo? tb              fur ~itweld
    :f.xtue,s           aad roe1            rat&to         hold by rwh la 80-
    ola4lon            ud     ratiorod           br    it far           tU8tlOL
    (aphwir                 oury)
    You propovad                ths follorl~                  quortlo~rr
    Ionorablr   Rrwrt          Quinn, pagr 2
    ‘A.      AN     the #tOSk#, or 8@vlUS ld in-
    VOStmat       -0        mOOmt8   &S th@y U@ Oatid,
    tamblot
    %.   on llha b4818 should tha   bat;=--
    that 18, hov should the ralw of t ia
    bo dotomlaodT*
    rhioh for    th8    PUPpOW        O? th18   OpiaiQlr   We   VOUpSd    tOg8th.P.
    Under the o lalom of thl8 dopartmoot    lo, O-3834,
    &pprored Augud 18 15 41, a oop~ of vhlsh la &aohed      hero-
    to, it 18 hold thr& the r~rl~r l04 lnw8tuat      8hW0 M-,
    oountr &re taxable for 8tato @ad aou8tJ  bd rtiorem t-8
    ia the hands of the OVPOC, rhloh                o p inio n laalefa   Jour   QUOS-
    tion QW.
    glwo under the porlrly        of Artlole 856, Re-
    via.6 01~11 8tatUt;Se;: ToxaaC  19 5, kid        8hU.S Shdl be
    domed JWSOti     W D            tho rtiu8tiOn      of 8ueh -08
    vould be govrraod b tbuL&~irlonr       of ahrpter 6 Tltlo
    122, Ret1r.d Clrll ktrr      of %x88, 1925, &ad ;u,tloulu-
    ly Artlolo 7174, rhloh lr la p a r t l8 follorrr
    “Per aon property of every da#or lpt loa
    &all be rAlued at its true ud full +blue 18
    DCOU.g
    rour third quortloa 18             am fO11OV8,
    ‘0.   Uhat part     ot the resortos,       if any,
    Of the ASSOOi~tiOa        i.8 t-b10      8gain8t    t&  AS-
    SOCi~tiO~    &I 8Wht       In aOnRcrotl0~with thl8 QUeS-
    t ion,   :t bk.3~88it~t.8     COUStFUetl=       Of th. UbW
    lng of (0) or Art. 881r-55, madly                %a value
    Of it8 aSrOt      th.POia     ia UOOSS      Of . .. (2) tb
    book ttiuS     Of the rhrO#       OUt Stltdlly.    I0
    Thlr            bera fully lnmN%I by aa 0 ln-
    quertlcur     has
    :06”~ao;t$;sd:g”““,     fo. O-5526, lpprorod Juao 7 1941,
    lr lttaohod horoto,    rhloh bflaor tie Boaa-
    lng ot the tom  “book v8luo' 8ad dl#tl~8h.#        betroaa ths
    ‘book value’ aad “vlthdrrval value,”    vhlrh latter 18 de-
    Slwd by &tiCt     881a-47, aStired Civil (it&tub8     Of T@-8,
    1925.
    -
    Ionorablr Pnort   Oulna, pago 3
    The  taxer    rhauld b o l88e8ud    in rooordaaoo rlth
    the foraula  hid   born   la Artlolo 
    88l.e53, supra
    , and if ths
    #~rpl~S~# rhloh you rOZ@r 80 1~ your letter 90 Sat up on
    th8  book8 Of t&S b#SOOi~tiOa     a8     t of tha book mluo   of
    the -08,     ruoh 8UF~1U8.8           l
    8USt r l    utomBtiO~lly doduoted
    umber 8ubwotloa (2) of 8ub8rotloa (8) of the utlolo whloh
    raqulr.8 tho,dmduotloa OS thr ‘book ~81~. of the rhrr.8
    y-~--s,       t&  St~tUt. boiag phia  Wd  UiMSbigUOUS iP it8
    .
    Very   truly youm
    ATTORRRf 6RRRUL    OF    TIXA8
    ----I         liSSi#tMt
    CIRrdb
    

Document Info

Docket Number: O-6804

Judges: Grover Sellers

Filed Date: 7/2/1945

Precedential Status: Precedential

Modified Date: 2/18/2017