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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)

Citation
Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
Parent Document
Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
Jurisdiction
Kentucky (state)
Effective Date
1965-02-19

Other Sections in This Document (25)

Full Text

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This viewpoint is entirely consistent with the principles enunciated in Raydure v. Board of Sup’rs of Estill County, 183 Ky. 84, 209 S.W. 19 (1919). In the absence of a statute specifically so declaring, we perceive no reason why a private party’s investment of money through the device of adding buildings to public property on which it has a lease should or legally can be any less subject to taxation than other assets in which it might have invested the same money. Cf. Trimble v. City of Seattle, 231 U.S. 683, 34 S.Ct. 218, 58 L.Ed. 435 (1914). To hold otherwise would equate the investment with tax-free state and municipal securities, for which there is no legal justification or authority.