Travelers' Ins. v. Board of Assessors

Citations

• 122 La. 129
• 47 So. 439
• 1908 La. LEXIS 418

Syllabus

<p>1. Taxation (§ 95*) — Property — Subject>Loans to Policy Holders.</p> <p>Loans made by a foreign insurance company to its policy holders, residents of this state, as part of its business done in this state, are taxable in this state, though evidenced by notes held abroad.</p> <p>[Ed. Note. — Por other eases, see Taxátion, Dec. Dig. § 95.*]</p> <p>2. Taxation (§ 462*) — Failure to List Prop-ebty.</p> <p>The state may subject to the doom of the assessor a taxpayer who has failed to furnish a list of his property to the assessor as required by law, but not where the failure to make such return was without fraudulent intent and from an honest belief, founded upon reasonable grounds, that what property he had was not taxable.</p> <p>[Ed. Note. — Por other cases, see Taxation, Dec. Dig. § 462.*]</p> <p>3. Taxation (§ 462*) — RetuRn of No Property.</p> <p>A return of “No property,” where there is property, is no return, and does not save the taxpayer from the doom of the assessor.</p> <p>[Ed. Note. — Por other eases, see Taxation, Dee. Dig. § 462.*]</p> <p>4. Taxation (§ 493*) — Overas'sessment.</p> <p>If the taxpayer has two bank accounts, one taxable and the other not, and makes no return, and nothing shows that in fixing the amount of his assessment the assessor.took into consideration the nontaxable bank account, the situation will be as if the assessor had overestimated the taxable bank account, and the assessment will not be open to review by app'licátion to the courts.</p> <p>[Ed. Note. — Por other cases, see Taxation, Dec. Dig. § 493.*]</p> <p>Breaux, C. J., and Monroe, J., dissénting:</p> <p>(Syllabus by the Court.)</p>