Hunt v. Board of County Commissioners

Citations

• 82 Kan. 824
• 109 P. 106
• 1910 Kan. LEXIS 346

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Taxation — Stock of Corporation — Resident Owner. The resident owner of shares of stock in a corporation which is organized in another state and has its principal office in such state, and not in the state of Kansas, is required by the statutes of this state to list such shares for taxation at the full value thereof, and is not entitled to any deduction from the assessment thereof although all, or practically all, of the capital of such corporation is invested in real estate and personal property which is taxed in this state.</p> <p>2. - Double Taxation — Validity of Statute. Such taxation of such shares of stock is not double taxation, and the statutes authorizing the same are not void as in conflict with section 1 of article 11 of the constitution of the state of Kansas, but are valid.</p>