[DOWNLOAD] "Mary Lambing v. Southland Corporation" by En Banc Supreme Court of Missouri # eBook PDF Kindle ePub Free

eBook details

Title: Mary Lambing v. Southland Corporation
Author : En Banc Supreme Court of Missouri
Release Date : January 17, 1987
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 64 KB

Description

Maryville Properties, L.P. (Maryville Properties) appeals from a decision of the State Tax Commission (Commission) including Low Income Housing Tax Credits (LIHTCs) received by Maryville Propertiess limited partners in the valuation of a rent restricted apartment complex for real property tax purposes. Maryville Properties contends that 1) the tax credits and accelerated depreciation passed through to limited partners are intangible property not properly considered by statute in valuations for real estate tax assessments; 2) the Commissions decision violated the Missouri Constitution by valuing the property based upon the interest of the individual limited partners of Maryville Properties rather than the propertys fair market value; and 3) the Commission arbitrarily deviated from its own prior decision that such tax credits were not properly included in valuing real property.