Loyd W. Richardson Construction Co. v. Calvert

Texas Supreme Court

Loyd W. Richardson Construction Co. v. Calvert

518 S.W.2d 545, 18 Tex. Sup. Ct. J. 11, 1974 Tex. LEXIS 335

CourtTexas Supreme Court

DecidedOctober 9, 1974

DocketNo. B-4757

StatusPublished

Cited by1 cases

This text of 518 S.W.2d 545 (Loyd W. Richardson Construction Co. v. Calvert) is published on Counsel Stack Legal Research, covering Texas Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Loyd W. Richardson Construction Co. v. Calvert, 518 S.W.2d 545, 18 Tex. Sup. Ct. J. 11, 1974 Tex. LEXIS 335 (Tex. 1974).

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Opinion

PER CURIAM.

This is a sales tax exemption suit in which the Court of Civil Appeals held that leases on personal property were not subject to the sales tax exemption under article 20.04(V).¹ 509 S.W.2d 696. It is unnecessary for us to decide the question as to whether any lease agreement could qualify for sales tax exemption. We are of the opinion that the judgment of the Court of Civil Appeals should be affirmed as to the facts in issue because it is clear that this particular lessee-lessor relationship is not the type of joint ownership which would result in an exempt transaction under art. 20.04(V). The application for writ of error is refused, no reversible error.

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PER CURIAM.

This is a sales tax exemption suit in which the Court of Civil Appeals held that leases on personal property were not subject to the sales tax exemption under article 20.04(V).¹ 509 S.W.2d 696. It is unnecessary for us to decide the question as to whether any lease agreement could qualify for sales tax exemption. We are of the opinion that the judgment of the Court of Civil Appeals should be affirmed as to the facts in issue because it is clear that this particular lessee-lessor relationship is not the type of joint ownership which would result in an exempt transaction under art. 20.04(V). The application for writ of error is refused, no reversible error.

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518 S.W.2d 545, 18 Tex. Sup. Ct. J. 11, 1974 Tex. LEXIS 335, Counsel Stack Legal Research, https://law.counselstack.com/opinion/loyd-w-richardson-construction-co-v-calvert-tex-1974.

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