Ritchie v. Ahlstedt

Citations

• 105 Kan. 739
• 186 P. 131
• 1919 Kan. LEXIS 168

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Taxation — Deduction of Debts from Credits — Both Debts and Credits Secured by Lien on Real Estate — Statute Construed. The statute authorizes a taxpayer to deduct indebtedness owed by him from the amount of his “credits,” on which he would otherwise be required to pay taxes. Originally the statute contained a provision that the word “credits” as so used should not include demands secured by lien on real estate. Held, that the striking out of that definition from the statute showed a legislative purpose to allow notes owing by the taxpayer to be deducted from notes owned by him, although both be secured by lien on real estate.</p> <p>2. Same — Deduction of Debts from Credits — Uniformity of and Equality in Taxation — Statute Constitutional. A statute allowing a taxpayer to deduct indebtedness which he owes from indebtedness owing to him in order to arrive at the amount for which he shall be liable to taxation on account thereof, is not rendered obnoxious to the constitutional rule of uniformity and equality by the fact that no such deduction is allowed with respect to other personal property, or to realty.</p> <p>3. Same — •Uniformity of Taxation — Deduction Relating to Banks. Such statute is not rendered obnoxious to the requirement of uniformity and equality of treatment in matters of taxation by the provision of the constitution requiring all the property of banks, “without deduction,” to be taxed, the words quoted having reference to the two-hundred-dollar exemption allowed to heads of families.</p>