Barnes v. Flummerfelt

Citations

• 21 Wash. 498
• 58 P. 575
• 1899 Wash. LEXIS 317

Syllabus

<p>TAXATION — PARTNERSHIP DOING BUSINESS IN OTHER STATES — DEDUCTION OP DEBTS FROM CREDITS.</p> <p>A partnership engaged in carrying on one business in this state and another business in a foreign state, is not entitled to deduct from its assessment of credits in this state the amount of its indebtedness in the foreign state, under our revenue laws, which provide that the property of a firm shall be listed in the firm name; that personal property shall be listed in the county where the owner resides; that in making up the amount of credits which any person is required to list he will be entitled to deduct from the gross amount all debts in good faith owing by him.</p>