In re Taxes Waiakea Mill Co.

Citations

• 24 Haw. 333
• 1918 Haw. LEXIS 41

Syllabus

<p>Taxation — valuation—enterprise for profit.</p> <p>Tbe value of property combined in an enterprise for profit is not less than tbe aggregate value of tbe separate items making up tbe whole unless tbe value of tbe items has been depreciated by reason of their combination.</p> <p>Same — same—mature crop of cane.</p> <p>Tbe value of a mature crop of cane for taxation purposes is tbe amount tbe sugar it will produce would bring when harvested considering tbe price of sugar on January 1 of that year less tbe cost of harvesting, marketing, etc., and of necessity this value can only be approximated.</p> <p>'Same — judgment of tax appeal court — consideration to he given such judgments.</p> <p>Tbe valuation fixed by tbe tax appeal court should not be disturbed unless good reason appears therefor.</p>