[Download] "Alascom v. North Slope Borough" by Supreme Court of Alaska * eBook PDF Kindle ePub Free
eBook details
- Title: Alascom v. North Slope Borough
- Author : Supreme Court of Alaska
- Release Date : January 18, 1983
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
This appeal involves a property tax dispute between Alascom, Inc. (Alascom) and the North Slope Borough (Borough). In 1979, the Borough audited Alacoms books and determined that a substantial amount of real and personal property owned by Alascom had not been taxed in fiscal years 1974 through 1979. Based upon this audit, the Borough demanded additional property taxes of approximately a quarter-million dollars, plus interest and penalties. Alascom paid the demanded sums under protest and appealed the assessment to the Boroughs Board of Equalization, contending that the Borough did not have authority to levy taxes for prior years. The Board rejected Alascoms claim, and its ruling was affirmed by the superior court. For the reasons set forth below we conclude that the superior courts holding regarding Alascoms tax liability should be affirmed. However, we reverse that portion of the judgment awarding the Borough interest and penalties on the tardily-assessed real property taxes.