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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)

Citation
Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
Parent Document
Vericoals, Inc. v. Revenue Cabinet, 869 S.W.2d 49 (1994)
Jurisdiction
Kentucky (state)
Effective Date
1994-01-28

Other Sections in This Document (31)

Full Text

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. A determination of who has the economic interest in the mineral, and thus who shall be the taxpayer pursuant to KRS 143.010(5), turns on the facts of a particular case. Cf. Ramey v. Comm’r of Internal Revenue, 398 F.2d 478 (6th Cir.1968). “Important, if not decisive, considerations are the intent of the parties and the making of some capital investment in the minerals by the taxpayer.” Id. at 479.