(DOWNLOAD) "Director of Taxation v. Kansas Krude Oil Reclaiming Co." by Supreme Court of Kansas # Book PDF Kindle ePub Free
eBook details
- Title: Director of Taxation v. Kansas Krude Oil Reclaiming Co.
- Author : Supreme Court of Kansas
- Release Date : January 11, 1984
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
The opinion of the court was delivered by This is an appeal by the Director of Taxation from an order of the Kansas Board of Tax Appeals granting the product identified as basic sediment and water (BS&W) an exemption from the Kansas Mineral Severance Tax, K.S.A. 1983 Supp. 79-4216 et seq. Taxation is the power by which the State raises money to defray the necessary expenses of government for a public purpose. In 1983, the legislature passed and the Governor signed the Mineral Severance Tax Act to meet the State's fiscal needs and to provide additional resources for educational and highway funding. The tax is an excise tax based upon the privilege of severing specified minerals from the earth and water of this state.